Restaurant Brands International (NYSE:QSR) Price Target Raised to $85.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by KeyCorp from $82.00 to $85.00 in a report published on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

Several other analysts have also issued reports on the stock. Guggenheim boosted their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. TD Securities dropped their target price on Restaurant Brands International from $90.00 to $84.00 and set a buy rating on the stock in a research report on Friday, April 12th. TD Cowen reaffirmed a buy rating and issued a $84.00 price target on shares of Restaurant Brands International in a report on Tuesday. Royal Bank of Canada decreased their price objective on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating on the stock in a research note on Wednesday, February 14th. Finally, Robert W. Baird raised their target price on Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International has an average rating of Moderate Buy and a consensus target price of $83.56.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $75.87 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.72. The stock has a fifty day simple moving average of $76.57 and a two-hundred day simple moving average of $74.51. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Buying and Selling

In other news, insider Jill Granat sold 23,322 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the transaction, the insider now directly owns 406,860 shares of the company’s stock, valued at $30,738,273. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jill Granat sold 23,322 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the sale, the insider now directly owns 406,860 shares in the company, valued at approximately $30,738,273. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock worth $28,828,182 in the last 90 days. 1.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Capital Research Global Investors increased its position in shares of Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after acquiring an additional 3,971,774 shares during the period. Norges Bank bought a new stake in shares of Restaurant Brands International in the fourth quarter worth about $243,551,000. National Bank of Canada FI increased its holdings in Restaurant Brands International by 46.7% during the 4th quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock valued at $173,167,000 after purchasing an additional 717,801 shares during the period. 1832 Asset Management L.P. raised its position in Restaurant Brands International by 18.2% during the 4th quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock valued at $364,722,000 after purchasing an additional 717,346 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Restaurant Brands International by 22.8% in the 4th quarter. TD Asset Management Inc now owns 3,438,433 shares of the restaurant operator’s stock worth $269,914,000 after buying an additional 638,501 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.