Royal Bank of Canada Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by Royal Bank of Canada from $95.00 to $90.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other brokerages also recently weighed in on QSR. Piper Sandler cut their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Citigroup boosted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Oppenheimer cut their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Finally, Truist Financial dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.65.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $0.66 during trading on Wednesday, hitting $68.92. 256,285 shares of the company were exchanged, compared to its average volume of 1,579,017. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The stock has a market capitalization of $22.31 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.09 and a beta of 0.94. The firm has a 50 day moving average price of $70.23 and a 200 day moving average price of $70.54.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, equities analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.37%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In other 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 transaction of $2,535,840.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’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 transaction of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International in the first quarter valued at approximately $48,000. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International in the third quarter valued at approximately $61,000. BNP Paribas Financial Markets boosted its holdings in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Restaurant Brands International in the first quarter valued at approximately $94,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.