Restaurant Brands International (NYSE:QSR) Price Target Raised to $74.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target raised by Guggenheim from $73.00 to $74.00 in a report published on Monday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other analysts have also commented on QSR. Truist Financial dropped their target price on Restaurant Brands International from $87.00 to $86.00 and set a buy rating on the stock in a report on Monday, August 19th. Royal Bank of Canada reaffirmed an outperform rating and set a $90.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 9th. TD Cowen reiterated a buy rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating on the stock in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a hold rating for the company in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of Moderate Buy and a consensus target price of $83.07.

Restaurant Brands International Stock Up 3.5 %

QSR stock opened at $68.91 on Monday. The company has a market capitalization of $21.85 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The firm’s fifty day simple moving average is $70.31 and its 200-day simple moving average is $72.35. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. As a group, equities research analysts forecast that Restaurant Brands International will post 3.36 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at $2,551,594.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 approximately $2,551,594.77. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in Restaurant Brands International during the first quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Restaurant Brands International during the first quarter worth $59,000. Parallel Advisors LLC raised its position in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $79,000. 82.29% of the stock is owned by hedge funds and other 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.