Restaurant Brands International Inc (QSR) : Valiant Capital Management added new position in Restaurant Brands International Inc during the most recent quarter end. The investment management firm now holds 1,435,700 shares of Restaurant Brands International Inc which is valued at $57.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Restaurant Brands International Inc makes up approximately 6.54% of Valiant Capital Management’s portfolio.
Other Hedge Funds, Including , Pcj Investment Counsel Ltd. reduced its stake in QSR by selling 420,301 shares or 34.95% in the most recent quarter. The Hedge Fund company now holds 782,328 shares of QSR which is valued at $31.2 Million. Restaurant Brands International Inc makes up approx 1.89% of Pcj Investment Counsel Ltd.’s portfolio.Ci Global Investments reduced its stake in QSR by selling 549,648 shares or 42.25% in the most recent quarter. The Hedge Fund company now holds 751,153 shares of QSR which is valued at $31.9 Million. Restaurant Brands International Inc makes up approx 0.79% of Ci Global Investments’s portfolio.Russell Frank Co reduced its stake in QSR by selling 172,720 shares or 65.79% in the most recent quarter. The Hedge Fund company now holds 89,830 shares of QSR which is valued at $3.9 Million. Restaurant Brands International Inc makes up approx 0.01% of Russell Frank Co’s portfolio.Aperio Group reduced its stake in QSR by selling 5,033 shares or 10.07% in the most recent quarter. The Hedge Fund company now holds 44,969 shares of QSR which is valued at $1.9 Million. Restaurant Brands International Inc makes up approx 0.02% of Aperio Group’s portfolio.
Restaurant Brands International Inc closed down -0.2 points or -0.47% at $41.96 with 8,04,443 shares getting traded on Wednesday. Post opening the session at $42.24, the shares hit an intraday low of $41.83 and an intraday high of $42.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Restaurant Brands International Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.22. The company had revenue of $918.50 million for the quarter, compared to analysts expectations of $928.25 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Restaurant Brands International Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 49 from a previous price target of $48 .Company shares were Reiterated by Piper Jaffray on Apr 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .Company shares were Upgraded by RBC Capital Mkts on Apr 11, 2016 to ” Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $38 .
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.