Restaurant Brands International Inc. (NYSE:QSR) Receives $77.08 Consensus PT from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $77.08.

QSR has been the topic of several analyst reports. Truist Financial reduced their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group decreased their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. CIBC lowered their price target on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $74.00 to $71.00 in a research note on Friday, January 24th.

Restaurant Brands International Stock Performance

QSR opened at $68.73 on Friday. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $80.02. The firm has a market capitalization of $22.33 billion, a PE ratio of 21.61, a PEG ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm’s 50-day moving average price is $64.80 and its 200 day moving average price is $67.25.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.61%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is currently 77.99%.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. The trade was a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,226 shares of company stock worth $19,121,223 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Restaurant Brands International by 473.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,645 shares of the restaurant operator’s stock worth $1,606,000 after buying an additional 20,348 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Restaurant Brands International in the fourth quarter valued at $4,325,000. Park Square Financial Group LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth about $81,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Restaurant Brands International by 110.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock valued at $3,510,000 after purchasing an additional 28,248 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Restaurant Brands International by 0.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock valued at $76,006,000 after purchasing an additional 4,464 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.