In the last trading session, 3.5 million Restaurant Brands International Inc. (NYSE:QSR) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $69.85 changed hands at $1.27 or 1.85% during last session, the market valuation stood at $22.46B. QSR’s last price was a discount, traded about -12.1% off its 52-week high of $78.30. The share price had its 52-week low at $51.26, which suggests the last value was 26.61% up since then. When we look at Restaurant Brands International Inc.’s average trading volume, we note the 10-day average is 1.44 million shares, with the 3-month average coming to 1.13 million.
Analysts gave the Restaurant Brands International Inc. (QSR) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 30 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 13 recommended QSR as a Hold, 15 felt it is a Buy and 1 rated the stock as Underweight. Restaurant Brands International Inc.’s EPS for the current quarter is expected to be $0.85.
Restaurant Brands International Inc. (NYSE:QSR) trade information
Instantly QSR was in green as seen at the end of in last trading. With action 4.44%, the performance over the past five days has been green. The jump to weekly highs of 69.98 on Monday, 09/18/23 added 1.85% to the stock’s daily price. The company’s shares are showing year-to-date upside of 8.01%, with the 5-day performance at 4.44% in the green. However, in the 30-day time frame, Restaurant Brands International Inc. (NYSE:QSR) is 0.39% up. Looking at the short shares, we see there were 12.5 million shares sold at short interest cover period of 9.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is $81.63, meaning bulls need an upside of 14.43% from its current market value. According to analyst projections, QSR’s forecast low is $70.00 with $90.00 as the target high. To hit the forecast high, the stock’s price needs a -28.85% plunge from its current level, while the stock would need to soar -0.21% for it to hit the projected low.
Restaurant Brands International Inc. (QSR) estimates and forecasts
Data shows that the Restaurant Brands International Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 14.66% over the past 6 months, a 2.23% in annual growth rate that is considerably lower than the industry average of 14.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Restaurant Brands International Inc. will fall -11.50%, while the growth in revenue is estimated to hit 11.10% for the next quarter. Year-over-year growth is forecast to reach 8.40% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $1.87 billion. 15 analysts are of the opinion that Restaurant Brands International Inc.’s revenue for the quarter ending Dec 2023 will be $1.83 billion. The company’s revenue for the corresponding quarters a year ago was $1.73 billion and $1.69 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.60%. The estimates for the next quarter sales put growth at 8.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.90%. The 2023 estimates are for Restaurant Brands International Inc. earnings to increase by 20.80%, but the outlook for the next 5-year period is at 7.32% per year.
Restaurant Brands International Inc. is expected to release its next quarterly earnings report on November 03. The 3.15% annual yield figure for the share gives it an annual dividend of 2.20. It is important to note, however, that the 3.15% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Restaurant Brands International Inc. (NYSE:QSR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.63% of Restaurant Brands International Inc. shares while 89.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.65%. There are 89.17% institutions holding the Restaurant Brands International Inc. stock share, with Capital World Investors the top institutional holder. As of Jun 29, 2023, the company held 13.36% of the shares, roughly 41.73 million QSR shares worth $2.91 billion.
Pershing Square Capital Management, L.P. holds the second largest percentage of outstanding shares, with 7.47% or 23.35 million shares worth $1.63 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Fundamental Investors Inc and Income Fund of America Inc. With 13.04 million shares estimated at $910.54 million under it, the former controlled 4.17% of total outstanding shares. On the other hand, Income Fund of America Inc held about 3.96% of the shares, roughly 12.38 million shares worth around $864.68 million.