Alta Capital Management adds Restaurant Brands International Inc (QSR) to its portfolio

Restaurant Brands International Inc (QSR) : Alta Capital Management added new position in Restaurant Brands International Inc during the most recent quarter end. The investment management firm now holds 7,690 shares of Restaurant Brands International Inc which is valued at $312,675 , the company said in a statement filed on Apr 21, 2016 with the SEC.Restaurant Brands International Inc makes up approximately 0.02% of Alta Capital Management’s portfolio.

Restaurant Brands International Inc opened for trading at $41.27 and hit $42.43 on the upside on Wednesday, eventually ending the session at $42.41, with a gain of 1.87% or 0.78 points. The heightened volatility saw the trading volume jump to 15,86,190 shares. Company has a market cap of $9,825 M.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in QSR in the latest quarter, The investment management firm added 606 additional shares and now holds a total of 40,943 shares of Restaurant Brands International Inc which is valued at $1,639,358. Restaurant Brands International Inc makes up approx 0.05% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Restaurant Brands International Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.29. The company had revenue of $1057.00 million for the quarter, compared to analysts expectations of $1033.29 million. The company’s revenue was up 153.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.36 EPS.

Many Wall Street Analysts have commented on Restaurant Brands International Inc. 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 was Downgraded by Morgan Stanley to ” Equal-Weight” on Apr 8, 2016.

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.

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