Restaurant Brands International Inc. (NYSE:QSR) Receives $82.93 Consensus Price Target from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been given a consensus recommendation of “Moderate Buy” by the twenty-nine analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nineteen have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $83.46.

A number of research firms recently issued reports on QSR. KeyCorp decreased their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. TD Cowen reissued a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Thursday, June 13th. Piper Sandler dropped their price target on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Truist Financial decreased their price objective on Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, TD Securities boosted their target price on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, May 1st.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $72.74 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market cap of $23.04 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.14 and a beta of 0.92. The business’s 50 day moving average price is $69.85 and its 200-day moving average price is $74.26. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 21st were paid a $0.58 dividend. The ex-dividend date was Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.19%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Parallel Advisors LLC raised its position in shares of Restaurant Brands International by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares in the last quarter. Bleakley Financial Group LLC raised its position in Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 154 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 160 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Restaurant Brands International by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.