Restaurant Brands International (NYSE:QSR) Shares Up 3.1% – Time to Buy?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was up 3.1% on Monday . The company traded as high as $72.75 and last traded at $72.73. Approximately 544,447 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 1,581,752 shares. The stock had previously closed at $70.55.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Royal Bank of Canada lifted their target price on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Piper Sandler reduced their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Bank of America lifted their price objective on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus reduced 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 report on Tuesday, August 13th. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.35.

Restaurant Brands International Price Performance

The company’s 50-day moving average price is $70.22 and its two-hundred day moving average price is $70.68. 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 has a market capitalization of $22.93 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.20%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, 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 completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in Restaurant Brands International during the first quarter worth about $25,000. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Restaurant Brands International in the first quarter valued at approximately $59,000. BNP Paribas Financial Markets raised its position in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Restaurant Brands International during the first quarter worth $94,000. Institutional investors own 82.29% of the company’s stock.

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.