Restaurant Brands International (NYSE:QSR) Price Target Lowered to $80.00 at KeyCorp

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by KeyCorp from $85.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

Several other research analysts have also issued reports on the stock. Evercore ISI raised their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Scotiabank raised their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a report on Monday, April 29th. Truist Financial raised their price target on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Robert W. Baird raised their price target on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. Finally, Genuity Capital Markets lowered their price target on shares of Restaurant Brands International from $74.00 to $73.00 and set a neutral rating for the company in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $83.03.

Restaurant Brands International Stock Up 1.3 %

NYSE:QSR opened at $70.37 on Thursday. The firm’s 50 day simple moving average is $70.70 and its 200 day simple moving average is $74.81. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a market cap of $22.29 billion, a PE ratio of 18.14, a P/E/G ratio of 2.15 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS 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 business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.30%. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the transaction, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Restaurant Brands International by 49.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after buying an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $3,703,000. Allspring Global Investments Holdings LLC raised its stake in Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after purchasing an additional 91,893 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Restaurant Brands International in the third quarter valued at approximately $5,619,000. Finally, Vanguard Group Inc. raised its stake in Restaurant Brands International by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after purchasing an additional 203,594 shares in the last quarter. Institutional investors 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.