Louisbourg Investments Inc. Has $4.64 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Louisbourg Investments Inc. decreased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,278 shares of the restaurant operator’s stock after selling 213 shares during the quarter. Louisbourg Investments Inc.’s holdings in Restaurant Brands International were worth $4,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI boosted its holdings in shares of Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the period. Holocene Advisors LP purchased a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $89,790,000. Point72 Asset Management L.P. boosted its stake in Restaurant Brands International by 282.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the period. Janus Henderson Group PLC grew its position in Restaurant Brands International by 848.9% during the 3rd quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator’s stock worth $26,756,000 after purchasing an additional 331,880 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Restaurant Brands International by 16.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock worth $159,251,000 after purchasing an additional 307,791 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,510 shares of company stock worth $7,774,020. Company insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on QSR shares. TD Cowen lowered their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp reduced their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group cut their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Restaurant Brands International Trading Up 1.0 %

Restaurant Brands International stock opened at $67.01 on Wednesday. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $21.74 billion, a PE ratio of 16.79, a PEG ratio of 2.17 and a beta of 0.93. The business’s 50-day simple moving average is $64.51 and its 200-day simple moving average is $68.10.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.3 earnings per share for the current year.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.