Restaurant Brands International (NYSE:QSR) Price Target Lowered to $90.00 at Royal Bank of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by Royal Bank of Canada from $95.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

QSR has been the subject of several other research reports. Guggenheim lifted their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Truist Financial lowered their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Oppenheimer cut their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.56.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $67.99 on Wednesday. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.05 and a beta of 0.94. The stock’s 50 day moving average price is $70.19 and its 200 day moving average price is $70.49. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm 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 16.01% and a return on equity of 28.25%. Equities research analysts anticipate that Restaurant Brands International will post 3.35 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on 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 sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on 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 transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was 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 approximately $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC boosted its position in shares of Restaurant Brands International by 4.5% during the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator’s stock valued at $685,000 after purchasing an additional 409 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its position in shares of Restaurant Brands International by 10.4% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 610,343 shares of the restaurant operator’s stock valued at $44,036,000 after purchasing an additional 57,681 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Restaurant Brands International by 16.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after purchasing an additional 307,791 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Restaurant Brands International by 1.0% during the 3rd quarter. Swiss National Bank now owns 909,030 shares of the restaurant operator’s stock valued at $65,698,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.