Evercore ISI Lowers Restaurant Brands International (NYSE:QSR) Price Target to $90.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by Evercore ISI from $93.00 to $90.00 in a research report released on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the company. Piper Sandler cut their target price 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. Guggenheim increased their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada decreased their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.56.

Restaurant Brands International Price Performance

QSR opened at $67.99 on Wednesday. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.05 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.71 and a debt-to-equity ratio of 2.75. The company has a fifty day simple moving average of $70.19 and a 200 day simple moving average of $70.49.

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

Restaurant Brands International Announces Dividend

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

Insider Activity at Restaurant Brands International

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

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Restaurant Brands International in the 1st quarter worth approximately $850,000. Oppenheimer & Co. Inc. grew its holdings in shares of Restaurant Brands International by 16.5% during the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock valued at $5,913,000 after buying an additional 10,544 shares in the last quarter. Russell Investments Group Ltd. raised its position in Restaurant Brands International by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock valued at $9,915,000 after buying an additional 7,196 shares during the period. Cetera Investment Advisers lifted its stake in Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares in the last quarter. Finally, Sumitomo Life Insurance Co. purchased a new stake in Restaurant Brands International in the 2nd quarter worth about $666,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.