Restaurant Brands International (NYSE:QSR) Given New $86.00 Price Target at CIBC

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective decreased by CIBC from $88.00 to $86.00 in a report released on Wednesday,Benzinga reports. CIBC currently has an outperformer rating on the restaurant operator’s stock.

A number of other equities analysts also recently issued reports on QSR. KeyCorp lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada lowered their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup lifted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, Wells Fargo & Company lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.65.

Restaurant Brands International Price Performance

NYSE:QSR traded up $0.66 during trading hours on Wednesday, hitting $68.92. The company’s stock had a trading volume of 256,285 shares, compared to its average volume of 1,579,017. The stock has a fifty day simple moving average of $70.23 and a 200-day simple moving average of $70.54. The company has a market capitalization of $22.31 billion, a P/E ratio of 17.11, a PEG ratio of 2.09 and a beta of 0.94. 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 has a twelve month low of $65.87 and a twelve month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. On average, analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.37%. Restaurant Brands International’s dividend payout ratio is currently 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 stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $850,000. Oppenheimer & Co. Inc. increased its stake in Restaurant Brands International by 16.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after acquiring an additional 10,544 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after acquiring an additional 7,196 shares during the last quarter. Cetera Investment Advisers increased its stake in Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares during the last quarter. Finally, Sumitomo Life Insurance Co. bought a new position in Restaurant Brands International in the 2nd quarter worth about $666,000. 82.29% of the stock is currently 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.