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

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

A number of other research analysts have also weighed in on QSR. Guggenheim lifted 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. TD Cowen reiterated a “buy” rating and issued a $82.00 price objective on shares of Restaurant Brands International in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada reduced 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 note on Wednesday. Finally, Truist Financial reduced their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.56.

Restaurant Brands International Trading Down 0.9 %

Shares of QSR stock opened at $68.00 on Wednesday. The company has a 50 day moving average of $70.19 and a 200-day moving average of $70.49. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29. The firm has a market cap of $22.01 billion, a P/E ratio of 17.04, a PEG ratio of 2.09 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Sell-side analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

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

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors raised its stake in shares of Restaurant Brands International by 1.1% during the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock valued at $3,393,264,000 after acquiring an additional 466,929 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Restaurant Brands International by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during 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 valued at $403,398,000 after acquiring an additional 773,783 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after acquiring an additional 518,795 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

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.