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

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

QSR has been the topic of a number of recent analyst reports. TD Cowen reiterated a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Thursday, August 8th. KeyCorp reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Bank of America increased their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Restaurant Brands International in a research report on Friday, August 9th. Finally, Genuity Capital Markets dropped their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th.

Insider Transactions at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated 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 completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. 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

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Capital Research Global Investors lifted its holdings in shares of Restaurant Brands International by 19.8% during the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after purchasing an additional 3,971,774 shares during the period. Norges Bank acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth about $243,551,000. D1 Capital Partners L.P. acquired a new stake in shares of Restaurant Brands International during the second quarter worth about $200,097,000. TD Asset Management Inc lifted its holdings in Restaurant Brands International by 41.0% in the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock valued at $385,361,000 after acquiring an additional 1,409,552 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Restaurant Brands International by 72.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after acquiring an additional 1,119,582 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

QSR stock opened at $67.63 on Monday. 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 business’s fifty day simple moving average is $70.42 and its two-hundred day simple moving average is $72.54. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.10 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. 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 declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.43%. Restaurant Brands International’s payout ratio is 59.79%.

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.