Restaurant Brands International Inc. (NYSE:QSR) Receives $77.96 Average PT from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given a consensus rating of “Hold” by the twenty-four analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $77.33.

A number of research analysts have recently commented on QSR shares. Wells Fargo & Company dropped their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Finally, Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $74.00 to $71.00 in a research note on Friday, January 24th.

Insider Transactions at Restaurant Brands International

In related news, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares in the company, valued at $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,726 shares of company stock worth $24,662,800. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Capital World Investors boosted its stake in shares of Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock worth $2,829,974,000 after acquiring an additional 841,167 shares in the last quarter. Vanguard Group Inc. boosted its position in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after purchasing an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Norges Bank purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $264,813,000. Finally, Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after buying an additional 227,203 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.1 %

NYSE QSR opened at $65.24 on Monday. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $83.29. The firm has a 50 day moving average of $63.44 and a two-hundred day moving average of $67.60. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, research analysts expect that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is currently 77.99%.

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.