Restaurant Brands International Inc. (NYSE:QSR) Receives $77.08 Consensus Price Target from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $77.08.

Several equities analysts have recently issued reports on the company. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $74.00 to $71.00 in a research note on Friday, January 24th. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Friday, February 14th. Morgan Stanley decreased their target price on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Citigroup boosted their target price on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th.

Restaurant Brands International Stock Down 1.2 %

NYSE QSR opened at $67.16 on Friday. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $80.02. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The business’s fifty day simple moving average is $64.25 and its 200-day simple moving average is $67.24. The firm has a market cap of $21.83 billion, a PE ratio of 21.12, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.69%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insider Buying and Selling

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summerhill Capital Management lnc. acquired a new stake in Restaurant Brands International during the fourth quarter worth about $841,000. Baskin Financial Services Inc. increased its stake in Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Aviso Financial Inc. increased its stake in Restaurant Brands International by 4.1% during the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock worth $61,384,000 after acquiring an additional 37,241 shares during the last quarter. Alberta Investment Management Corp increased its stake in Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International during the fourth quarter worth about $32,000. 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.