Restaurant Brands International (NYSE:QSR) Price Target Raised to $82.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price increased by Robert W. Baird from $76.00 to $82.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also recently commented on QSR. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a research report on Wednesday, February 14th. Guggenheim raised their price objective on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Truist Financial reduced their target price on Restaurant Brands International from $89.00 to $87.00 and set a buy rating on the stock in a report on Wednesday, February 14th. CIBC lowered their target price on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating for the company in a research note on Wednesday, January 17th. Finally, Stephens reaffirmed an equal weight rating and issued a $75.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Stock Up 2.2 %

Shares of NYSE:QSR opened at $75.83 on Wednesday. The stock’s 50-day moving average is $76.56 and its 200 day moving average is $74.59. The company has a market cap of $23.99 billion, a PE ratio of 19.54, a P/E/G ratio of 2.25 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

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

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International 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 $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $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 over the last quarter. Company insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. purchased a new position in shares of Restaurant Brands International during the 1st quarter valued at about $25,000. Pacifica Partners Inc. lifted its holdings in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Hedge funds and other 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.