Restaurant Brands International (NYSE:QSR) Price Target Cut to $75.00 by Analysts at Deutsche Bank Aktiengesellschaft

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by Deutsche Bank Aktiengesellschaft from $81.00 to $75.00 in a report issued on Wednesday, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.

QSR has been the topic of a number of other research reports. TheStreet raised Restaurant Brands International from a c+ rating to a b rating in a research note on Friday, July 30th. Loop Capital started coverage on Restaurant Brands International in a research note on Tuesday, October 5th. They issued a hold rating and a $65.00 price objective on the stock. Cowen boosted their price objective on Restaurant Brands International from $68.00 to $70.00 and gave the stock a market perform rating in a research note on Monday, August 2nd. Guggenheim started coverage on Restaurant Brands International in a research note on Monday, July 26th. They issued a neutral rating and a $67.00 price objective on the stock. Finally, Zacks Investment Research raised Restaurant Brands International from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research note on Friday, July 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $72.65.

Shares of QSR stock opened at $61.00 on Wednesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.47 and a current ratio of 1.53. Restaurant Brands International has a 1 year low of $51.12 and a 1 year high of $71.12. The stock has a fifty day moving average of $63.36 and a two-hundred day moving average of $65.45. The firm has a market capitalization of $18.82 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, July 29th. The restaurant operator reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.16. Restaurant Brands International had a return on equity of 26.43% and a net margin of 12.50%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 37.2% compared to the same quarter last year. Equities research analysts predict that Restaurant Brands International will post 2.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, September 20th. Restaurant Brands International’s payout ratio is 104.43%.

In other Restaurant Brands International news, Director Ali Hedayat sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $64.44, for a total value of $644,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joshua Kobza sold 55,000 shares of the business’s stock in a transaction dated Thursday, August 26th. The shares were sold at an average price of $64.92, for a total value of $3,570,600.00. Following the completion of the transaction, the chief operating officer now owns 314,096 shares in the company, valued at approximately $20,391,112.32. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Restaurant Brands International by 2.5% in the second quarter. Vanguard Group Inc. now owns 8,975,747 shares of the restaurant operator’s stock valued at $578,397,000 after purchasing an additional 215,517 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Restaurant Brands International by 27.7% during the 2nd quarter. Bank of Montreal Can now owns 6,136,382 shares of the restaurant operator’s stock worth $395,920,000 after acquiring an additional 1,331,519 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Restaurant Brands International by 8.9% during the 1st quarter. TD Asset Management Inc. now owns 4,944,754 shares of the restaurant operator’s stock worth $321,530,000 after acquiring an additional 402,767 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Restaurant Brands International by 2.9% during the 2nd quarter. Bank of Nova Scotia now owns 3,781,321 shares of the restaurant operator’s stock worth $243,612,000 after acquiring an additional 105,674 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 4.2% during the 2nd quarter. Fiera Capital Corp now owns 3,161,229 shares of the restaurant operator’s stock worth $171,551,000 after acquiring an additional 127,030 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

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