Zacks Research Has Bullish Estimate for QSR FY2024 Earnings

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) – Investment analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Restaurant Brands International in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst M. Kaushik now anticipates that the restaurant operator will earn $3.31 per share for the year, up from their prior estimate of $3.25. The consensus estimate for Restaurant Brands International’s current full-year earnings is $3.31 per share. Zacks Research also issued estimates for Restaurant Brands International’s Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.67 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $1.06 EPS and FY2026 earnings at $4.12 EPS.

QSR has been the topic of several other research reports. Evercore ISI decreased their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Argus cut their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. TD Cowen cut their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Bank of America raised their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus decreased their target price on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.37.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $69.09 on Friday. The company has a market capitalization of $22.36 billion, a P/E ratio of 17.32, a P/E/G ratio of 2.26 and a beta of 0.94. The business’s 50 day moving average is $70.23 and its two-hundred day moving average is $70.09. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is currently owned by insiders.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Restaurant Brands International by 63.7% during the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after purchasing an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $666,000. Dimensional Fund Advisors LP increased its stake in shares of Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after purchasing an additional 10,855 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Restaurant Brands International by 183.6% during the 1st quarter. Bessemer Group Inc. now owns 9,273 shares of the restaurant operator’s stock worth $736,000 after purchasing an additional 6,003 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Restaurant Brands International by 42.0% during the 2nd quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator’s stock worth $5,466,000 after purchasing an additional 22,981 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.