RBC Capital Markets Boosts Restaurant Brands International Inc. (QSR) Price Target to $59.00

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its price objective raised by RBC Capital Markets from $54.00 to $59.00 in a research note issued to investors on Tuesday. The firm currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Restaurant Brands International from a hold rating to a sell rating in a research report on Tuesday, January 17th. Credit Suisse Group reiterated a neutral rating and set a $45.00 price target on shares of Restaurant Brands International in a research report on Friday, November 11th. Royal Bank Of Canada lifted their price target on Restaurant Brands International from $49.00 to $54.00 and gave the company an outperform rating in a research report on Tuesday, October 25th. Finally, Stephens upgraded Restaurant Brands International from an equal weight rating to an overweight rating and set a $52.00 price target for the company in a research report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $50.25.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Shares of Restaurant Brands International (NYSE:QSR) opened at 53.85 on Tuesday. The company has a 50-day moving average price of $49.64 and a 200 day moving average price of $47.06. The company has a market capitalization of $12.61 billion, a PE ratio of 37.09 and a beta of 1.75. Restaurant Brands International has a one year low of $30.69 and a one year high of $55.22.

Restaurant Brands International (NYSE:QSR) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm earned $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Restaurant Brands International had a return on equity of 21.52% and a net margin of 13.22%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. Equities analysts anticipate that Restaurant Brands International will post $1.77 EPS for the current year.

This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/rbc-capital-markets-boosts-restaurant-brands-international-inc-qsr-price-target-to-59-00/441052.html.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 3rd will be paid a $0.18 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Wednesday, March 1st. Restaurant Brands International’s payout ratio is 46.90%.

A number of institutional investors have recently made changes to their positions in QSR. CIBC World Markets Inc. boosted its position in shares of Restaurant Brands International by 4.8% in the third quarter. CIBC World Markets Inc. now owns 3,238,010 shares of the company’s stock worth $144,350,000 after buying an additional 148,482 shares during the period. Bank of Montreal Can boosted its position in shares of Restaurant Brands International by 9.2% in the third quarter. Bank of Montreal Can now owns 6,263,425 shares of the company’s stock worth $279,224,000 after buying an additional 528,219 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Restaurant Brands International by 4.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 604,675 shares of the company’s stock worth $25,055,000 after buying an additional 27,844 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Restaurant Brands International by 243.8% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 578,322 shares of the company’s stock worth $31,102,000 after buying an additional 410,122 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Restaurant Brands International by 0.7% in the third quarter. Wells Fargo & Company MN now owns 191,128 shares of the company’s stock worth $8,521,000 after buying an additional 1,239 shares during the period. 72.78% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

5 Day Chart for NYSE:QSR

Receive News & Ratings for Restaurant Brands International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International Inc. and related companies with our FREE daily email newsletter.

 

Latest News

Alex Rodriguez: No Comeback for Me
Alex Rodriguez: No Comeback for Me
Cleveland Indians Moving Along Slowly with Corey Kluber
Cleveland Indians Moving Along Slowly with Corey Kluber
Garrett Richards Returns Without Tommy John Surgery
Garrett Richards Returns Without Tommy John Surgery
Chris Tillman Injury Will Test Rotation Depth with Orioles
Chris Tillman Injury Will Test Rotation Depth with Orioles
Brandon Phillips Traded to Atlanta by Cincinnati
Brandon Phillips Traded to Atlanta by Cincinnati
Rumor: Miami Marlins Reach Tentative Agreement to Sell
Rumor: Miami Marlins Reach Tentative Agreement to Sell


Leave a Reply

 
© 2006-2017 BBNS.