Restaurant Brands International Inc. (NYSE:QSR) Receives $75.91 Average Target Price from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $75.91.

A number of research analysts have recently weighed in on the company. Truist Financial lowered their price target on shares of Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. TD Securities reissued a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. CIBC cut their price target on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley increased their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th.

Restaurant Brands International Trading Down 0.1%

NYSE QSR opened at $71.34 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $23.37 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.77 and a beta of 0.61. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $75.07. The firm has a 50-day moving average price of $66.54 and a 200 day moving average price of $65.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Equities research analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. Restaurant Brands International’s payout ratio is 84.07%.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05% 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 added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its holdings in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Restaurant Brands International during the fourth quarter valued at about $32,000. Finally, Private Trust Co. NA boosted its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.