Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by Citigroup from $81.00 to $78.00 in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. Truist Financial reduced their price target on shares of Restaurant Brands International from $89.00 to $87.00 and set a buy rating on the stock in a research note on Wednesday, February 14th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a research note on Wednesday, February 14th. TD Cowen reissued a buy rating and issued a $90.00 price target on shares of Restaurant Brands International in a research note on Wednesday, April 10th. Oppenheimer boosted their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an outperform rating in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $82.25.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $71.42 on Tuesday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The firm’s 50-day moving average is $77.01 and its two-hundred day moving average is $73.86. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The company has a market capitalization of $22.60 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.13 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Analysts predict that Restaurant Brands International will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, March 20th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s payout ratio is 61.54%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the completion of the transaction, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jill Granat sold 80,332 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the transaction, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Matthew Dunnigan sold 46,701 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the transaction, the chief financial officer now owns 128,154 shares of the company’s stock, valued at approximately $9,682,034.70. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 in the last 90 days. Corporate insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $25,000. Pacifica Partners Inc. boosted its stake in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC boosted its stake in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Oakworth Capital Inc. acquired a new stake in Restaurant Brands International during the 4th quarter worth $30,000. Finally, Montag A & Associates Inc. acquired a new stake in Restaurant Brands International during the 4th quarter worth $30,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.