Restaurant Brands International (NYSE:QSR) Price Target Cut to $80.00 by Analysts at TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by TD Cowen from $82.00 to $80.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other brokerages have also issued reports on QSR. JPMorgan Chase & Co. boosted their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Piper Sandler reduced their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company reduced 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 research note on Friday, August 9th. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, CIBC reduced their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $82.65.

Restaurant Brands International Trading Up 1.1 %

QSR traded up $0.76 during trading on Wednesday, reaching $69.02. 131,634 shares of the company’s stock were exchanged, compared to its average volume of 1,578,440. The company’s fifty day moving average price is $70.23 and its 200-day moving average price is $70.54. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The firm has a market capitalization of $22.34 billion, a PE ratio of 17.11, a P/E/G ratio of 2.09 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. As a group, equities analysts forecast that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.36%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC grew its position in shares of Restaurant Brands International by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Restaurant Brands International by 4.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 160 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Arvest Investments Inc. grew its position in shares of Restaurant Brands International by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after purchasing an additional 197 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds 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.