Restaurant Brands International Inc. (NYSE:QSR) Receives $83.07 Consensus Target Price from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $83.07.

A number of brokerages recently issued reports on QSR. TD Cowen reissued a “buy” rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Thursday, August 8th. Wells Fargo & Company lowered 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 report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 9th. Genuity Capital Markets lowered their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Finally, Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated 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 directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on 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 owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently bought and sold shares of QSR. Mather Group LLC. bought a new stake in shares of Restaurant Brands International during the first quarter valued at approximately $25,000. Montag A & Associates Inc. purchased a new position in Restaurant Brands International during the fourth quarter valued at $30,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International in the 1st quarter worth about $59,000. Finally, Parallel Advisors LLC boosted its stake in Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

NYSE QSR opened at $67.63 on Monday. The firm has a market cap of $21.43 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The company’s 50 day moving average is $70.42 and its 200-day moving average is $72.49. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $2.08 billion during 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%. Sell-side analysts predict that Restaurant Brands International will post 3.36 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

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.