Restaurant Brands International Inc. (NYSE:QSR) Receives $82.27 Consensus Target Price from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $82.27.

QSR has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Royal Bank of Canada decreased 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 report on Wednesday, November 6th. Truist Financial dropped their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Bank of America upped their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, Citigroup boosted their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. increased its position in shares of Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after purchasing an additional 536,124 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after buying an additional 773,783 shares during the last quarter. Mackenzie Financial Corp raised its stake in Restaurant Brands International by 10.3% in the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after buying an additional 518,795 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Restaurant Brands International by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after buying an additional 169,458 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of Restaurant Brands International by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after acquiring an additional 227,203 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 1.4 %

Shares of QSR opened at $68.26 on Wednesday. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.27 and a beta of 0.93. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The stock’s 50-day moving average price is $69.98 and its 200-day moving average price is $69.98. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The company 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. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.40%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

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.