Restaurant Brands International (QSR)

1011778 B.C. Unlimited Liability Company • 1011778 Subco Holdings ULC • 1013414 B.C. Unlimited Liability Company • 1013421 B.C. Unlimited Liability Company • 1014369 B.C. Unlimited Liability Company • 1019334 B.C. Unlimited Liability Company • 1028539 B.C. Unlimited Liability Company • 1029261 B.C. Unlimited Liability Company • 1057772 B.C. Unlimited Liability Company • 1112090 B.C. Unlimited Liability Company ...

QSR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$81.63

Low target

$72.00

High target

$90.00

Latest filings (excl ownership)

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5 Nov 24

Restaurant Brands International Inc. Reports Third Quarter 2024 Results

5 Nov 24

8-K

Restaurant Brands International Inc. Announces Launch of First Lien Senior Secured Notes Oﬀering

3 Sep 24

8-K

Restaurant Brands International Inc. Announces Launch of First Lien Senior Secured Notes Oﬀering

6 Jun 24

8-K

Submission of Matters to a Vote of Security Holders

6 Jun 24

PX14A6G

Letter to shareholders

17 May 24

8-K

Burger King® Company Completes Acquisition of Carrols Restaurant Group

16 May 24

PX14A6G

Letter to shareholders

9 May 24

PX14A6G

Letter to shareholders

30 Apr 24

Transcripts

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QSR

Earnings call transcript

2024 Q3

5 Nov 24

QSR

Earnings call transcript

2024 Q2

8 Aug 24

QSR

Earnings call transcript

2024 Q1

30 Apr 24

QSR

Earnings call transcript

2023 Q4

13 Feb 24

QSR

Earnings call transcript

2023 Q3

3 Nov 23

QSR

Earnings call transcript

2023 Q2

8 Aug 23

QSR

Earnings call transcript

2023 Q2

8 Aug 23

QSR

Earnings call transcript

2023 Q1

2 May 23

QSR

Earnings call transcript

2022 Q4

14 Feb 23

QSR

Earnings call transcript

2022 Q3

3 Nov 22

Latest ownership filings

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THOMAS BENJAMIN CURTIS

17 Dec 24

Financial summary

Financial statements Chart QSR financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn
Cash burn (monthly)	(no burn)	3.08 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	8.61 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.17 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	378.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

QSR institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	454	448	+1.3%
Opened positions	66	51	+29.4%
Closed positions	60	65	-7.7%
Increased positions	144	139	+3.6%
Reduced positions	156	165	-5.5%

13F shares	Current	Prev Q	Change
Total value	17.83 tn	18.21 tn	-2.1%
Total shares	374.94 mm	393.01 mm	-4.6%
Total puts	1.27 mm	1.29 mm	-1.5%
Total calls	4.05 mm	1.83 mm	+121.1%
Total put/call ratio	0.3	0.7	-55.5%

Largest owners	Shares	Value	Change
3G Restaurant Brands Holdings General Partner	116.78 mm	$8.11 bn	-5.3%
Capital World Investors	42.58 mm	$3.07 tn	+0.1%
Pershing Square Capital Management	23.00 mm	$1.66 tn	-0.6%
RY Royal Bank of Canada	20.95 mm	$1.51 tn	+3.9%
Capital Research Global Investors	20.20 mm	$1.46 tn	+3.0%
Vanguard	12.74 mm	$919.55 bn	+1.9%
EdgePoint Investment	10.12 mm	$730.47 bn	-12.1%
BMO Bank of Montreal	8.64 mm	$615.57 bn	+6.3%
GS The Goldman Sachs Group, Inc.	8.34 mm	$601.47 bn	+140.5%
FMR	7.74 mm	$558.25 bn	-13.2%

Largest transactions	Shares	Bought/sold	Change
3G Restaurant Brands Holdings General Partner	116.78 mm	-6.53 mm	-5.3%
GS The Goldman Sachs Group, Inc.	8.34 mm	+4.87 mm	+140.5%
TD Asset Management	0.00	-4.79 mm	EXIT
Fiera Capital	0.00	-3.52 mm	EXIT
FIL	2.85 mm	-3.44 mm	-54.7%
Norges Bank	0.00	-3.29 mm	EXIT
Alliancebernstein	108.56 k	-2.20 mm	-95.3%
Citadel Advisors	1.91 mm	+1.91 mm	NEW
D1 Capital Partners	1.33 mm	-1.51 mm	-53.2%
EdgePoint Investment	10.12 mm	-1.40 mm	-12.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

QSR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Dec 24	Jill Granat	Common Shares	Sell	Dispose S	No	No	67.7579	1,470.813	99.66 k	393,334.65
16 Dec 24	Jill Granat	Common Shares	Sell	Dispose S	No	No	67.7579	1,488.675	100.87 k	391,060.885
16 Dec 24	Jeffrey W Klein	Common Shares	Sell	Dispose S	No	No	67.7579	539.895	36.58 k	7,950.174
16 Dec 24	Jeffrey W Klein	Common Shares	Sell	Dispose S	No	No	67.7579	348.289	23.60 k	7,251.778
16 Dec 24	Jacqueline Friesner	Common Shares	Sell	Dispose S	No	No	67.7579	663.587	44.96 k	153,679.823
16 Dec 24	Jacqueline Friesner	Common Shares	Sell	Dispose S	No	No	67.7579	724.072	49.06 k	152,652.41
16 Dec 24	Thiago T Santelmo	Common Shares	Sell	Dispose S	No	No	67.7579	525.718	35.62 k	27,419.905
16 Dec 24	Thiago T Santelmo	Common Shares	Sell	Dispose S	No	No	67.7579	758.69	51.41 k	26,497.365
16 Dec 24	Jeffrey Housman	Common Shares	Sell	Dispose S	No	No	67.7579	1,001.136	67.83 k	97,267.295
16 Dec 24	Jeffrey Housman	Common Shares	Sell	Dispose S	No	No	67.7579	970.458	65.76 k	95,724.248