Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $77.08

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $77.08.

Several equities analysts recently issued reports on the company. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. TD Securities reaffirmed a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, Barclays reduced their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the transaction, the insider now owns 34,822 shares of the company’s stock, valued at approximately $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,226 shares of company stock valued at $19,121,223 over the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

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

Restaurant Brands International Stock Performance

QSR opened at $66.59 on Friday. The company has a market cap of $21.64 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm’s 50-day moving average price is $64.49 and its 200-day moving average price is $67.23. Restaurant Brands International has a 52-week low of $59.67 and a 52-week high of $80.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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%. As a group, equities analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.72%. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

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.