Restaurant Brands International (NYSE:QSR) Shares Up 3% – Time to Buy?

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) were up 3% during trading on Monday . The stock traded as high as $66.74 and last traded at $66.45. Approximately 358,827 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,769,762 shares. The stock had previously closed at $64.52.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QSR. Jefferies Financial Group decreased their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Truist Financial cut their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus reduced their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Stock Performance

The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $21.90 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The stock’s fifty day simple moving average is $64.88 and its 200-day simple moving average is $67.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 300,226 shares of company stock worth $19,121,223 in the last ninety days. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in QSR. Wealth Enhancement Advisory Services LLC raised its position in Restaurant Brands International by 473.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,645 shares of the restaurant operator’s stock valued at $1,606,000 after purchasing an additional 20,348 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $4,325,000. Park Square Financial Group LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $81,000. Public Employees Retirement System of Ohio lifted its position in Restaurant Brands International by 110.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock worth $3,510,000 after acquiring an additional 28,248 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in Restaurant Brands International by 0.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock worth $76,006,000 after acquiring an additional 4,464 shares during the period. Institutional investors and hedge funds 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.