CIBC Cuts Restaurant Brands International (NYSE:QSR) Price Target to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by CIBC from $88.00 to $86.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperformer rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp decreased their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial cut their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Piper Sandler decreased their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Guggenheim increased their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.56.

Restaurant Brands International Trading Down 0.9 %

Shares of QSR opened at $67.99 on Wednesday. The firm has a market cap of $22.01 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. Restaurant Brands International has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.71 and a current ratio of 1.02. The business has a 50-day moving average of $70.19 and a 200 day moving average of $70.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. As a group, research analysts forecast that Restaurant Brands International will post 3.35 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is presently 58.15%.

Insiders Place Their Bets

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Crewe Advisors LLC purchased a new stake in Restaurant Brands International in the first quarter worth about $48,000. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at approximately $61,000. BNP Paribas Financial Markets grew its holdings in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 203 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Restaurant Brands International in the 1st quarter worth approximately $94,000. 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.