Restaurant Brands International Inc. (NYSE:QSR) Stock Has Average Target Price of $83.75 According to Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $83.52.

Several research analysts have issued reports on QSR shares. TD Cowen lowered their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Argus restated a “hold” rating on shares of Restaurant Brands International in a research note on Friday, September 25th. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Royal Bank Of Canada decreased their target price on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $74.19 on Friday. The stock’s 50-day moving average is $75.11 and its two-hundred day moving average is $75.27. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.02 and a beta of 0.52. Restaurant Brands International has a 1 year low of $64.52 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations 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 revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Analysts predict that Restaurant Brands International will post 4.19 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, September 18th. Restaurant Brands International’s payout ratio is 69.89%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. EdgePoint Investment Group Inc. lifted its stake in shares of Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares during the period. Bank of America Corp DE boosted its holdings in shares of Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after acquiring an additional 2,910,454 shares in the last quarter. Platinum Paramount Investment LTD. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $281,033,000. Canoe Financial LP increased its stake in shares of Restaurant Brands International by 34.5% during the first quarter. Canoe Financial LP now owns 3,348,043 shares of the restaurant operator’s stock worth $247,664,000 after acquiring an additional 858,490 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Restaurant Brands International by 4.4% during the third quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator’s stock worth $180,116,000 after acquiring an additional 109,723 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.