Restaurant Brands International’s (QSR) “Buy” Rating Reaffirmed at TD Cowen

TD Cowen reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report released on Thursday morning, Benzinga reports. They currently have a $88.00 target price on the restaurant operator’s stock.

Several other brokerages also recently weighed in on QSR. KeyCorp boosted their price target on Restaurant Brands International from $82.00 to $85.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Barclays boosted their price target on Restaurant Brands International from $87.00 to $89.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Royal Bank of Canada cut their price target on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a report on Wednesday, February 14th. Evercore boosted their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, Loop Capital boosted their price target on Restaurant Brands International from $86.00 to $93.00 and gave the company a buy rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of Moderate Buy and a consensus price target of $83.21.

Restaurant Brands International Trading Down 0.6 %

Shares of Restaurant Brands International stock opened at $68.90 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a market capitalization of $21.80 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.10 and a beta of 0.92. The business has a 50 day moving average price of $71.21 and a 200 day moving average price of $75.05.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) 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 firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s quarterly 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 fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.37%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aviva PLC raised its stake in Restaurant Brands International by 1.3% during the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after acquiring an additional 149 shares during the period. Parallel Advisors LLC raised its stake in Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares during the period. Bleakley Financial Group LLC raised its stake in Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 154 shares during the period. PNC Financial Services Group Inc. grew its position in Restaurant Brands International by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after purchasing an additional 168 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Restaurant Brands International by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds 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.