Citigroup Boosts Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective increased by Citigroup from $75.00 to $77.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts also recently weighed in on the stock. Truist Financial decreased 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 research report on Monday, August 19th. TD Cowen reissued a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a report on Thursday, September 12th. Stifel Nicolaus dropped 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 report on Tuesday, August 13th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, KeyCorp lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.04.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $70.55 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The company’s fifty day moving average price is $70.22 and its two-hundred day moving average price is $70.77. The firm has a market capitalization of $22.35 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.12 and a beta of 0.94. Restaurant Brands International has a 12 month low of $64.35 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.05 billion. On average, research analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Buying and Selling at Restaurant Brands International

In related news, 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 value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on 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. This trade 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 company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. bought a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at $59,000. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 203 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Restaurant Brands International in the 1st quarter worth $94,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.