Restaurant Brands International (NYSE:QSR) Price Target Raised to $67.00 at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective boosted by Citigroup from $65.00 to $67.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the restaurant operator’s stock.

QSR has been the topic of several other research reports. Jefferies Financial Group cut their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. TD Cowen cut their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, TD Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.81.

Restaurant Brands International Price Performance

QSR stock opened at $66.38 on Thursday. The stock has a market cap of $21.54 billion, a PE ratio of 16.64, a P/E/G ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The company has a 50-day moving average price of $64.40 and a 200 day moving average price of $68.08. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Equities research analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last three months. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at $264,813,000. Baupost Group LLC MA lifted its position in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock worth $189,133,000 after acquiring an additional 2,873,406 shares during the period. National Bank of Canada FI grew its stake in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Restaurant Brands International in the third quarter valued at about $89,790,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after purchasing an additional 1,082,622 shares during the period. Hedge funds and other institutional investors 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.