Shares of Restaurant Brands International Inc. jumped $3.84, or 6.8 percent, to $60.35 in trading Monday. Can lifted its stake in Restaurant Brands International by 16.1% during the third quarter. The firm has a market cap of $34,390.00, a price-to-earnings ratio of 81.20 and a beta of 1.14. QSR stock price revealed pessimistic move of -3.24% comparing average price of last 200 days.
Analysts believe that the company has the potential to earn average revenue of $1.26 Billion for the current quarter. Restaurant Brands International's quarterly revenue was up 11.0% on a year-over-year basis.
Restaurant Brands International (NYSE:QSR) has insider ownership of 3.05% and institutional ownership of 77.62%. The average twelve-month target price among brokerages that have updated their coverage on the stock in the a year ago is C$83.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jose E. Cil sold 99,151 shares of the stock in a transaction dated Thursday, November 16th. Oppenheimer upped their target price on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, October 19th.
On 11/8/2017 Restaurant Brands Holdings 3G, Major Shareholder, sold 4,050,594 with an average share price of $64.70 per share and the total transaction amounting to $262,073,431.80. Zacks Investment Research raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating and set a $69.00 target price for the company in a report on Tuesday, December 26th. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover QSR having a buy-equivalent rating. The disclosure for this sale can be found here. If you are accessing this article on another website, it was stolen and republished in violation of USA and global trademark & copyright legislation. The legal version of this report can be viewed at https://registrarjournal.com/2018/02/12/us-bancorp-de-grows-stake-in-restaurant-brands-international-inc-qsr.html. Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016.
Restaurant Brands has also introduced mobile applications and online ordering to attract more millenials to Tim Hortons and Burger King.
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