Restaurant Brands International (NYSE:QSR) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) in a research note published on Thursday, MarketBeat reports. The firm issued a buy rating and a $80.00 target price on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on QSR. BMO Capital Markets increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a research report on Wednesday, February 14th. Royal Bank of Canada dropped their price target on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating on the stock in a research report on Wednesday, February 14th. Truist Financial increased their price target on Restaurant Brands International from $87.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Piper Sandler dropped their price target on Restaurant Brands International from $84.00 to $82.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Finally, Robert W. Baird increased their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $83.21.

View Our Latest Analysis on QSR

Restaurant Brands International Trading Down 0.6 %

Shares of NYSE QSR opened at $68.90 on Thursday. The stock’s 50 day moving average price is $71.21 and its two-hundred day moving average price is $75.02. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The stock has a market capitalization of $21.80 billion, a P/E ratio of 17.76, a PEG ratio of 2.11 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. Restaurant Brands International’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at $1,710,354.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Restaurant Brands International by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,607 shares of the restaurant operator’s stock worth $307,000 after acquiring an additional 220 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Restaurant Brands International during the third quarter worth $662,000. HighTower Advisors LLC raised its holdings in shares of Restaurant Brands International by 8.4% during the third quarter. HighTower Advisors LLC now owns 11,969 shares of the restaurant operator’s stock worth $797,000 after acquiring an additional 927 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Restaurant Brands International by 122.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,081 shares of the restaurant operator’s stock worth $738,000 after acquiring an additional 6,100 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Restaurant Brands International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

(Get Free Report)

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.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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