Restaurant Brands International (NYSE:QSR) Price Target Raised to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by Bank of America from $76.00 to $77.00 in a research report released on Tuesday, Benzinga reports. They currently have an underperform rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. Truist Financial reduced their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus decreased their price objective 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, TD Cowen reiterated a “buy” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.15.

Restaurant Brands International Stock Performance

Shares of QSR opened at $70.55 on Tuesday. The firm has a market cap of $22.35 billion, a P/E ratio of 18.18, a PEG ratio of 2.12 and a beta of 0.94. Restaurant Brands International has a twelve month low of $64.97 and a twelve month high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The firm’s 50 day moving average price is $70.39 and its two-hundred day moving average price is $70.68.

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

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.29%. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. acquired a new stake in shares of Restaurant Brands International during the 2nd quarter worth $200,097,000. TD Asset Management Inc grew its stake in Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after buying an additional 1,409,552 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Restaurant Brands International by 72.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after buying an additional 1,119,582 shares during the period. 1832 Asset Management L.P. raised its position in shares of Restaurant Brands International by 15.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after buying an additional 773,783 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its holdings in shares of Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 shares during the period. 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.