Citigroup Boosts Restaurant Brands International (NYSE:QSR) Price Target to $79.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target raised by Citigroup from $78.00 to $79.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on QSR. Scotiabank boosted their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research report on Friday, February 16th. Oppenheimer boosted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an outperform rating in a research report on Friday, January 5th. CIBC dropped their target price on shares of Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a research report on Wednesday, January 17th. Finally, KeyCorp boosted their target price on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $83.39.

Restaurant Brands International Stock Down 3.5 %

NYSE:QSR opened at $73.21 on Wednesday. The firm’s 50 day simple moving average is $76.59 and its 200 day simple moving average is $74.51. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a market cap of $23.16 billion, a PE ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Restaurant Brands International will post 3.38 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 61.54%.

Insider Buying and Selling

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in QSR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Restaurant Brands International by 49.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock valued at $14,127,000 after buying an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $3,703,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Restaurant Brands International by 248,359.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after buying an additional 91,893 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $5,619,000. Finally, Vanguard Group Inc. boosted its stake in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after purchasing an additional 203,594 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

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.