Restaurant Brands International Inc. (NYSE:QSR) Receives $83.91 Consensus Price Target from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $83.9130.

Several equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Evercore reissued an “outperform” rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Citigroup cut their target price on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Scotia reduced their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Piper Sandler lowered their price target on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, August 7th.

Restaurant Brands International Stock Performance

QSR stock opened at $78.39 on Friday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The company has a 50 day moving average price of $75.03 and a 200 day moving average price of $74.65. Restaurant Brands International has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The stock has a market capitalization of $27.37 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Analysts forecast that Restaurant Brands International will post 4.03 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.3%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after buying an additional 295,935 shares during the period. UBS Group AG increased its stake in Restaurant Brands International by 37.0% during the 4th quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after acquiring an additional 380,635 shares during the period. Fiera Capital Corp increased its stake in Restaurant Brands International by 38.2% during the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Restaurant Brands International by 851.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator’s stock valued at $25,713,000 after acquiring an additional 336,615 shares in the last quarter. Finally, Norges Bank acquired a new position in Restaurant Brands International in the 4th quarter valued at $260,709,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.