Restaurant Brands International (NYSE:QSR) Price Target Increased to $79.00 by Analysts at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by Citigroup from $78.00 to $79.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a neutral rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a report on Wednesday, February 14th. Scotiabank lifted their target price on Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a report on Monday, April 29th. Stifel Nicolaus increased their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a hold rating in a report on Thursday, January 4th. Truist Financial lifted their price objective on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Stephens reissued an equal weight rating and issued a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Trading Up 2.2 %

QSR stock opened at $75.87 on Wednesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.18 and a beta of 0.92. The business has a 50 day simple moving average of $76.57 and a two-hundred day simple moving average of $74.51. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Restaurant Brands International’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last 90 days. Corporate insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Capital World Investors raised its position in shares of Restaurant Brands International by 0.5% in the 4th quarter. Capital World Investors now owns 42,244,556 shares of the restaurant operator’s stock valued at $3,300,579,000 after purchasing an additional 227,630 shares during the last quarter. Capital Research Global Investors increased its stake in Restaurant Brands International by 19.8% during the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after purchasing an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Restaurant Brands International by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock worth $937,963,000 after buying an additional 224,111 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Restaurant Brands International by 18.2% during the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock worth $364,722,000 after buying an additional 717,346 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Restaurant Brands International by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock worth $290,287,000 after acquiring an additional 228,654 shares during the last quarter. 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.