Restaurant Brands International Inc (QSR) : Pecaut scooped up 4,135 additional shares in Restaurant Brands International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 125,616 shares of Restaurant Brands International Inc which is valued at $5,107,547.Restaurant Brands International Inc makes up approximately 5.02% of Pecaut’s portfolio.
Restaurant Brands International Inc closed down -0.62 points or -1.50% at $40.66 with 14,51,581 shares getting traded on Friday. Post opening the session at $41.3, the shares hit an intraday low of $40.27 and an intraday high of $41.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in QSR by selling 109,777 shares or 57.74% in the most recent quarter. The Hedge Fund company now holds 80,340 shares of QSR which is valued at $3,266,624. Restaurant Brands International Inc makes up approx 0.03% of Gateway Investment Advisers’s portfolio.Horizon Kinetics reduced its stake in QSR by selling 5,305 shares or 14.28% in the most recent quarter. The Hedge Fund company now holds 31,833 shares of QSR which is valued at $1,274,593. Restaurant Brands International Inc makes up approx 0.03% of Horizon Kinetics’s portfolio.Integral Derivatives boosted its stake in QSR in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 11,000 shares of Restaurant Brands International Inc which is valued at $440,440. Restaurant Brands International Inc makes up approx 0.18% of Integral Derivatives’s portfolio.Creative Planning boosted its stake in QSR in the latest quarter, The investment management firm added 271 additional shares and now holds a total of 984 shares of Restaurant Brands International Inc which is valued at $38,494.
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.