Brokerage firm Longbow Research Downgrades its rating on Restaurant Brands International Inc(NYSE:QSR). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Longbow Research was issued on Sep 26, 2016.
In a different note, On Jul 18, 2016, OTR Global said it Upgrades its rating on Restaurant Brands International Inc. The shares have been rated ‘Positive’ by the firm.
Restaurant Brands International Inc (QSR) made into the market gainers list on Thursdays trading session with the shares advancing 0.56% or 0.26 points. Due to strong positive momentum, the stock ended at $46.29, which is also near the day’s high of $46.56. The stock began the session at $46.36 and the volume stood at 4,71,472 shares. The 52-week high of the shares is $49.12 and the 52 week low is $29.28. The company has a current market capitalization of $10,822 M and it has 23,37,77,400 shares in outstanding.
Restaurant Brands International Inc(QSR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.04B. Analysts had an estimated revenue of $1.05B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.35.
Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Motta Roberto Moses Thompson (director) purchased 22,000 shares at $46.98 per share price.Also, On Aug 15, 2016, Ali Hedayat (director) purchased 5,000 shares at $47.73 per share price.On May 6, 2016, Marc Caira (director) sold 100,000 shares at $43.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.