Restaurant Brands International (QSR) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Restaurant Brands International (NYSE: QSR) in the last few weeks:

• 11/14/2024 – Restaurant Brands International had its price target lowered by analysts at Stifel Nicolaus from $77.00 to $72.00. They now have a “hold” rating on the stock.
• 11/7/2024 – Restaurant Brands International had its price target lowered by analysts at Argus from $85.00 to $80.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Restaurant Brands International had its price target lowered by analysts at KeyCorp from $80.00 to $78.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Restaurant Brands International had its price target lowered by analysts at CIBC from $88.00 to $86.00. They now have an “outperformer” rating on the stock.
• 11/6/2024 – Restaurant Brands International had its price target lowered by analysts at Evercore ISI from $93.00 to $90.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Restaurant Brands International had its price target lowered by analysts at Royal Bank of Canada from $95.00 to $90.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Restaurant Brands International had its price target lowered by analysts at TD Cowen from $82.00 to $80.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Restaurant Brands International had its price target raised by analysts at Bank of America Co. from $76.00 to $77.00. They now have an “underperform” rating on the stock.
• 10/22/2024 – Restaurant Brands International had its price target lowered by analysts at Oppenheimer Holdings Inc. from $89.00 to $86.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Restaurant Brands International had its price target raised by analysts at Citigroup Inc. from $75.00 to $77.00. They now have a “neutral” rating on the stock.
• 9/16/2024 – Restaurant Brands International had its price target raised by analysts at JPMorgan Chase & Co. from $80.00 to $84.00. They now have an “overweight” rating on the stock.

Restaurant Brands International Stock Up 1.2 %

QSR traded up $0.82 on Thursday, reaching $68.73. 930,067 shares of the company traded hands, compared to its average volume of 1,582,566. The stock’s 50 day moving average price is $70.12 and its 200-day moving average price is $70.34. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.19 and a beta of 0.94. Restaurant Brands International Inc. has a 52-week low of $65.87 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

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 value of $448,565.68. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on 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 owns 37,179 shares in the company, valued at $2,551,594.77. The trade was 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 corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Crewe Advisors LLC acquired a new position in Restaurant Brands International in the first quarter valued at about $48,000. Plato Investment Management Ltd acquired a new position in Restaurant Brands International in the third quarter valued at about $61,000. BNP Paribas Financial Markets increased 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 worth $89,000 after acquiring an additional 203 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.