Restaurant Brands International (NYSE:QSR) Price Target Raised to $95.00 at Royal Bank of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target hoisted by Royal Bank of Canada from $90.00 to $95.00 in a research note published on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the stock. TD Cowen restated a buy rating and issued a $88.00 price target on shares of Restaurant Brands International in a report on Thursday, August 8th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. Guggenheim lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a neutral rating in a research note on Monday, September 9th. Truist Financial lowered their price target on Restaurant Brands International from $87.00 to $86.00 and set a buy rating for the company in a report on Monday, August 19th. Finally, KeyCorp dropped their price objective on Restaurant Brands International from $85.00 to $80.00 and set an overweight rating on the stock in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of Moderate Buy and a consensus price target of $83.04.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $69.18 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $22.39 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The firm’s 50 day moving average price is $70.28 and its 200-day moving average price is $72.23.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Equities research analysts expect that Restaurant Brands International will post 3.36 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.35%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insiders Place Their Bets

In related news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QSR. Capital World Investors boosted its stake in Restaurant Brands International by 1.1% during the 1st quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock valued at $3,393,264,000 after purchasing an additional 466,929 shares during the period. Capital Research Global Investors boosted its position in shares of Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after acquiring an additional 3,971,774 shares during the period. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after acquiring an additional 141,468 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after purchasing an additional 773,783 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

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.