TD Cowen Cuts Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by TD Cowen from $82.00 to $80.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

QSR has been the topic of several other research reports. KeyCorp decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. 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 research note on Tuesday, October 22nd. Stifel Nicolaus lowered their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, CIBC dropped their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.56.

Restaurant Brands International Price Performance

Shares of QSR opened at $67.99 on Wednesday. The firm has a market capitalization of $22.01 billion, a PE ratio of 17.04, a P/E/G ratio of 2.05 and a beta of 0.94. The stock’s 50 day moving average is $70.19 and its two-hundred day moving average is $70.49. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.71 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Research analysts anticipate that Restaurant Brands International will post 3.35 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.41%. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its stake in Restaurant Brands International by 4.5% during the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator’s stock valued at $685,000 after buying an additional 409 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Restaurant Brands International by 10.4% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 610,343 shares of the restaurant operator’s stock valued at $44,036,000 after acquiring an additional 57,681 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Restaurant Brands International by 16.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock worth $159,251,000 after purchasing an additional 307,791 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Restaurant Brands International by 1.0% during the third quarter. Swiss National Bank now owns 909,030 shares of the restaurant operator’s stock worth $65,698,000 after purchasing an additional 9,100 shares in the last quarter. 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.