Truist Financial Cuts Restaurant Brands International (NYSE:QSR) Price Target to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Truist Financial from $87.00 to $86.00 in a research report sent to investors on Monday, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

A number of other analysts have also issued reports on QSR. Morgan Stanley decreased their price target on Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company lowered their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an overweight rating for the company in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an outperform rating and set a $90.00 price target on shares of Restaurant Brands International in a research note on Friday, August 9th. Bank of America lifted their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an underperform rating in a report on Wednesday, July 17th. Finally, Loop Capital upped their price objective on Restaurant Brands International from $86.00 to $93.00 and gave the stock a buy rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $83.07.

Restaurant Brands International Trading Up 1.0 %

Shares of Restaurant Brands International stock opened at $72.23 on Monday. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The business’s fifty day moving average is $70.45 and its two-hundred day moving average is $73.15. 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 market cap of $22.88 billion, a PE ratio of 18.62, a P/E/G ratio of 2.06 and a beta of 0.92.

Restaurant Brands International Dividend Announcement

The business 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently modified their holdings of the company. Barometer Capital Management Inc. raised its stake in shares of Restaurant Brands International by 27,623.2% during the 4th quarter. Barometer Capital Management Inc. now owns 80,120 shares of the restaurant operator’s stock worth $6,260,000 after purchasing an additional 79,831 shares in the last quarter. Royal Fund Management LLC acquired a new stake in Restaurant Brands International in the first quarter valued at approximately $1,067,000. Oppenheimer & Co. Inc. lifted its stake in Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock valued at $5,913,000 after acquiring an additional 10,544 shares during the last quarter. Quantbot Technologies LP bought a new stake in Restaurant Brands International in the first quarter worth approximately $850,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Restaurant Brands International by 6.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 610,145 shares of the restaurant operator’s stock worth $47,671,000 after purchasing an additional 36,785 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.