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

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have earned a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $81.92.

A number of analysts recently commented on QSR shares. KeyCorp decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Bank of America upped their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Evercore ISI reduced their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada cut 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, November 6th. Finally, CIBC decreased their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th.

Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 over the last quarter. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

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

Restaurant Brands International Trading Down 1.1 %

QSR opened at $63.18 on Friday. The company has a fifty day moving average price of $68.00 and a two-hundred day moving average price of $69.61. Restaurant Brands International has a 1-year low of $63.09 and a 1-year high of $83.29. The company has a market cap of $20.46 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.67%. Restaurant Brands International’s dividend payout ratio is presently 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.