Restaurant Brands International (NYSE:QSR) Price Target Raised to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lifted by Guggenheim from $71.00 to $77.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on the stock. Barclays decreased their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. Jefferies Financial Group reduced their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Restaurant Brands International Stock Down 6.2 %

QSR opened at $63.61 on Friday. Restaurant Brands International has a one year low of $59.67 and a one year high of $77.24. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $20.82 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The business’s 50-day simple moving average is $65.42 and its 200-day simple moving average is $67.11.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.62 per share. The ex-dividend date was Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.90%. Restaurant Brands International’s payout ratio is currently 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at approximately $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QSR. Versant Capital Management Inc purchased a new stake in shares of Restaurant Brands International in the first quarter valued at $160,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Restaurant Brands International by 473.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,645 shares of the restaurant operator’s stock worth $1,606,000 after purchasing an additional 20,348 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth about $4,325,000. Park Square Financial Group LLC purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth about $81,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Restaurant Brands International by 110.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock valued at $3,510,000 after buying an additional 28,248 shares during the last quarter. 82.29% of the stock is currently 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.