Restaurant Brands International Inc. (NYSE:QSR) Stock Has Consensus Price Target of $83.92 According to Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned an average rating of “Moderate Buy” from the twenty-five research firms that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $83.92.

Several brokerages recently issued reports on QSR. Morgan Stanley lifted their price target on shares of Restaurant Brands International from $79.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Citigroup reduced their target price on Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Friday, September 25th. Scotia reduced their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Finally, CL King set a $80.00 price objective on shares of Restaurant Brands International in a research report on Monday, August 10th.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $75.51 on Wednesday. Restaurant Brands International has a 1-year low of $65.43 and a 1-year high of $81.96. The firm has a market capitalization of $26.32 billion, a PE ratio of 17.56, a PEG ratio of 2.23 and a beta of 0.57. The business’s 50 day moving average is $74.05 and its 200-day moving average is $74.34. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 2.43.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 29th. The restaurant operator reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. Restaurant Brands International had a return on equity of 33.50% and a net margin of 15.35%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Restaurant Brands International’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that Restaurant Brands International will post 4.05 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. Restaurant Brands International’s payout ratio is presently 60.47%.

Insider Activity

In related news, insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction dated 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 owned 209,908 shares in the company, valued at $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Restaurant Brands International by 26.5% during the third quarter. Empowered Funds LLC now owns 50,418 shares of the restaurant operator’s stock worth $3,584,000 after purchasing an additional 10,571 shares during the period. Kovack Advisors Inc. acquired a new position in Restaurant Brands International in the third quarter valued at about $41,000. Steward Partners Investment Advisory LLC lifted its stake in Restaurant Brands International by 101.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 12,634 shares of the restaurant operator’s stock valued at $898,000 after buying an additional 6,376 shares during the period. Insigneo Advisory Services LLC raised its position in shares of Restaurant Brands International by 23.5% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,830 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 1,108 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Restaurant Brands International by 97.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 840,517 shares of the restaurant operator’s stock worth $59,814,000 after acquiring an additional 414,913 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc. is a global quick-service restaurant company that owns and operates the Burger King, Tim Hortons, Popeyes and Firehouse Subs brands. Its restaurants serve a range of products, including burgers, coffee and baked goods, fried chicken, and sandwiches. The company primarily grows its brands through a network of franchised restaurants, alongside some company-operated locations. Its brands serve customers in numerous countries and territories around the world. Restaurant Brands International was formed in 2014 through the combination of Burger King and Tim Hortons.