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

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

A number of other equities analysts also recently issued reports on QSR. Barclays lowered their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. TD Securities reissued a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Finally, Truist Financial reduced their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Restaurant Brands International Trading Down 6.2 %

Shares of NYSE:QSR opened at $63.61 on Friday. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $77.24. The company’s 50 day moving average is $65.42 and its two-hundred day moving average is $67.14. The company has a market cap of $20.82 billion, a PE ratio of 20.00, a P/E/G ratio of 1.77 and a beta of 0.72. 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 (NYSE:QSR) (TSE:QSR) last posted its 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 net margin of 12.15% and a return on equity of 28.53%. Equities 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 was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.90%. Restaurant Brands International’s payout ratio is 77.99%.

Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QSR. Dunhill Financial LLC grew its stake in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $32,000. IFP Advisors Inc raised its position in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International in the 4th quarter valued at approximately $60,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.