CIBC Lowers Restaurant Brands International (NYSE:QSR) Price Target to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective trimmed by CIBC from $88.00 to $86.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an outperformer rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Piper Sandler reduced their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. TD Cowen reissued a “buy” rating and set a $82.00 target price on shares of Restaurant Brands International in a research note on Thursday, September 12th. Royal Bank of Canada reduced their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Evercore ISI reduced their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.65.

Restaurant Brands International Price Performance

Shares of QSR traded up $0.66 during midday trading on Wednesday, reaching $68.92. The stock had a trading volume of 256,285 shares, compared to its average volume of 1,579,017. The company’s 50-day moving average is $70.23 and its 200 day moving average is $70.54. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, equities analysts predict that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently made changes to their positions in QSR. Farther Finance Advisors LLC boosted its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the last quarter. Crewe Advisors LLC bought a new position in Restaurant Brands International during the first quarter valued at approximately $48,000. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $61,000. BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $94,000. Hedge funds and other 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.