Restaurant Brands International (NYSE:QSR) Price Target Lowered to $77.00 at Wells Fargo & Company

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target decreased by Wells Fargo & Company from $80.00 to $77.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Scotiabank boosted their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an outperform rating in a research note on Monday, April 29th. Piper Sandler cut their target price on shares of Restaurant Brands International from $84.00 to $82.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Royal Bank of Canada reissued an outperform rating and issued a $90.00 target price on shares of Restaurant Brands International in a research note on Friday. 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 research note on Wednesday, May 1st. Finally, Loop Capital upped their price objective on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a buy rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $83.48.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $1.42 on Friday, hitting $70.51. The company’s stock had a trading volume of 1,652,602 shares, compared to its average volume of 1,635,205. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The firm has a fifty day moving average price of $70.19 and a 200-day moving average price of $73.54. The company has a market capitalization of $22.34 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 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 $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. On average, equities research analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in Restaurant Brands International by 209.0% during the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in Restaurant Brands International during the fourth quarter valued at about $3,703,000. International Assets Investment Management LLC bought a new position in Restaurant Brands International during the fourth quarter valued at about $5,634,000. Stratos Wealth Partners LTD. boosted its stake in Restaurant Brands International by 20.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 7,647 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 1,318 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Restaurant Brands International by 1.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 40,156 shares of the restaurant operator’s stock valued at $3,113,000 after buying an additional 573 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.