Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $64.53

Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) has earned a consensus rating of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $64.95.

Several research firms have recently issued reports on QSR. The Goldman Sachs Group upgraded shares of Restaurant Brands International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $57.00 to $64.00 in a report on Friday, November 4th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, August 9th. Royal Bank of Canada raised their price target on shares of Restaurant Brands International from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer raised their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Finally, Stephens initiated coverage on shares of Restaurant Brands International in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $61.00 price target for the company.

Insider Activity at Restaurant Brands International

In other news, Director Thecla Sweeney acquired 700 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of $58.60 per share, with a total value of $41,020.00. Following the purchase, the director now owns 1,350 shares of the company’s stock, valued at approximately $79,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thecla Sweeney bought 700 shares of Restaurant Brands International stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of $58.60 per share, for a total transaction of $41,020.00. Following the acquisition, the director now owns 1,350 shares in the company, valued at $79,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Dunnigan sold 15,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $58.97, for a total value of $884,550.00. Following the completion of the sale, the chief financial officer now owns 41,449 shares in the company, valued at $2,444,247.53. The disclosure for this sale can be found here. Insiders sold a total of 199,478 shares of company stock worth $13,378,914 in the last 90 days. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. bought a new stake in shares of Restaurant Brands International during the third quarter valued at about $344,000. Legend Financial Advisors Inc. bought a new stake in shares of Restaurant Brands International during the third quarter valued at approximately $27,000. Balyasny Asset Management LLC bought a new stake in Restaurant Brands International in the third quarter valued at $12,896,000. Baird Financial Group Inc. lifted its stake in shares of Restaurant Brands International by 10.1% during the third quarter. Baird Financial Group Inc. now owns 5,984 shares of the restaurant operator’s stock valued at $318,000 after acquiring an additional 547 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of Restaurant Brands International by 12.5% during the third quarter. United Services Automobile Association now owns 14,319 shares of the restaurant operator’s stock valued at $762,000 after acquiring an additional 1,593 shares during the period. 78.50% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

QSR stock opened at $66.68 on Tuesday. The firm has a 50 day moving average price of $58.04 and a 200-day moving average price of $55.33. Restaurant Brands International has a 52-week low of $46.68 and a 52-week high of $68.54. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.92 and a beta of 0.95. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.93 and a current ratio of 1.00.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 20th. This represents a $2.16 annualized dividend and a yield of 3.24%. Restaurant Brands International’s dividend payout ratio (DPR) is 69.90%.

Restaurant Brands International Company Profile

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

Recommended Stories

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.