Investors Buy Large Volume of Restaurant Brands International Put Options (QSR)

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) was the target of unusually large options trading activity on Friday. Stock investors acquired 1,677 put options on the stock. This represents an increase of approximately 847% compared to the average daily volume of 177 put options.

Restaurant Brands International (NYSE:QSR) opened at $62.44 on Wednesday. The company has a market cap of $14,600.00 and a price-to-earnings ratio of 43.36. The company has a debt-to-equity ratio of 2.70, a quick ratio of 3.38 and a current ratio of 3.45. Restaurant Brands International has a 12-month low of $46.88 and a 12-month high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. Restaurant Brands International’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. sell-side analysts expect that Restaurant Brands International will post 2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio is presently 58.33%.

Several analysts recently commented on QSR shares. Oppenheimer upped their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, December 26th. Credit Suisse Group upgraded shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating and upped their price target for the company from $60.00 to $74.00 in a research report on Thursday, September 7th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Royal Bank of Canada upped their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Restaurant Brands International presently has an average rating of “Buy” and a consensus price target of $69.82.

In other Restaurant Brands International news, Director Ali Hedayat purchased 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $64.58 per share, for a total transaction of $322,900.00. Following the transaction, the director now directly owns 30,966 shares in the company, valued at $1,999,784.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jose E. Cil sold 38,480 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $65.00, for a total transaction of $2,501,200.00. Following the completion of the sale, the executive vice president now owns 350,613 shares of the company’s stock, valued at approximately $22,789,845. The disclosure for this sale can be found here. Insiders have sold a total of 5,056,166 shares of company stock valued at $327,220,722 in the last 90 days. Insiders own 3.05% of the company’s stock.

A number of institutional investors have recently made changes to their positions in QSR. FMR LLC raised its position in Restaurant Brands International by 10.9% during the 2nd quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock worth $969,362,000 after buying an additional 1,528,447 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Restaurant Brands International by 3,083.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock worth $80,332,000 after purchasing an additional 1,218,041 shares during the period. Fiera Capital Corp grew its stake in shares of Restaurant Brands International by 481.6% during the 2nd quarter. Fiera Capital Corp now owns 1,338,343 shares of the restaurant operator’s stock worth $83,591,000 after purchasing an additional 1,108,231 shares during the period. Argent Capital Management LLC acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth $33,235,000. Finally, CI Global Investments Inc. grew its stake in shares of Restaurant Brands International by 15,143.9% during the 2nd quarter. CI Global Investments Inc. now owns 500,000 shares of the restaurant operator’s stock worth $31,270,000 after purchasing an additional 496,720 shares during the period. Institutional investors own 78.35% of the company’s stock.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). 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.

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