Restaurant Brands International Inc (QSR) was Downgraded by Longbow to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Longbow advised their investors in a research report released on Sep 26, 2016.
On the company’s financial health, Restaurant Brands International Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $1040.20 million for the quarter, compared to analysts expectations of $1047.76 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Restaurant Brands International Inc opened for trading at $46.36 and hit $46.56 on the upside on Thursday, eventually ending the session at $46.29, with a gain of 0.56% or 0.26 points. The heightened volatility saw the trading volume jump to 4,71,472 shares. Company has a market cap of $10,822 M.
In a different news, on Sep 12, 2016, Motta Roberto Moses Thompson (director) purchased 22,000 shares at $46.98 per share price. According to the SEC, on Aug 15, 2016, Ali Hedayat (director) purchased 5,000 shares at $47.73 per share price. On May 6, 2016, Marc Caira (director) sold 100,000 shares at $43.02 per share price, according to the Form-4 filing with the securities and exchange commission.
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.