Restaurant Brands International (NYSE:QSR) Stock Rating Upgraded by Argus

Argus upgraded shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) from a hold rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat.com reports.

QSR has been the topic of several other research reports. Truist Financial dropped their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday. CIBC reduced their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their price target for the company from $74.00 to $71.00 in a research note on Friday, January 24th. Finally, TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Restaurant Brands International Stock Performance

Shares of QSR opened at $68.07 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a market cap of $22.12 billion, a PE ratio of 21.40, a P/E/G ratio of 1.77 and a beta of 0.95. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $81.27. The stock has a fifty day moving average price of $64.02 and a 200-day moving average price of $67.27.

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 analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Equities research analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is currently 77.99%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,726 shares of company stock valued at $18,269,723. 1.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares in the last quarter. GeoWealth Management LLC raised its stake in Restaurant Brands International by 7.0% in the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 163 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after purchasing an additional 180 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.