Restaurant Brands profit beats on higher demand at Burger King

Restaurant Brands profit beats on higher demand at Burger King

Piper Jaffray also issued estimates for Restaurant Brands International's Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.09 EPS, FY2019 earnings at $3.78 EPS, Q1 2020 earnings at $0.93 EPS and FY2020 earnings at $4.36 EPS. Restaurant Brands International has a 12-month low of C$67.55 and a 12-month high of C$88.36. (NYSE:QSR)'s earnings report is expected On April, 25., RTT reports. On Tuesday, February 27 the firm has "Buy" rating given by Oppenheimer. On Thursday, October 26 the firm has "Buy" rating given by BMO Capital Markets. On Tuesday, January 16 the rating was maintained by UBS with "Buy".

Shares of Restaurant Brands International Inc. rose 5 percent to close at $56.30 on Tuesday. 19 are the (NYSE:QSR)'s ratings reports on April 24, 2018 according to StockzIntelligence Inc.

BMO Capital Markets cut shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) from an outperform rating to a market perform rating in a research note published on Monday.

Canadian stocks were lackluster, but outperformed US markets as traders assessed a flurry of corporate earnings results. The firm has a 50 day moving average of $59.03 and a 200-day moving average of $53.78. After having $0.84 EPS previously, Restaurant Brands International Inc.'s analysts see -15.48 % EPS growth. The restaurant operator reported $0.66 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.10, reports. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%.

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Revenue rose 7 percent to $1.07 billion. During the same period a year ago, the firm earned $0.30 earnings per share. Analysts expect change of 47.92 % or $0.23 from previous year's $0.48 earnings per share compared to current's $0.71 earnings per share. Stockholders of record on Thursday, March 15th were given a $0.45 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.32%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.21.

The strategy is meant to counter negative attention brought to the brand by a group of dissident franchisees, dubbed the Great White North Franchisee Association, which claims to represent more than half of Canadian franchisees, and has vocally criticized the parent company for cutbacks they say are hurting their business.

In other Restaurant Brands International news, EVP Jose E. Cil sold 1,760 shares of the firm's stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $57.59, for a total transaction of $1,100,372.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Following the completion of the sale, the insider now directly owns 426,818 shares of the company's stock, valued at approximately $24,580,448.62.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Restaurant Brands International by 1,472.8% during the fourth quarter. Millennium Management LLC now owns 3,483,355 shares of the restaurant operator's stock valued at $214,157,000 after acquiring an additional 2,234,306 shares during the period. "Our relationship with our restaurant owners hasn't been as strong as we would like it to be over the last few quarters". The franchisees say that the company has effectively changed the rent and royalty structure by saddling franchisees with increasing costs and requiring them to renovate stores at their own expense.

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