TD Cowen Reaffirms “Buy” Rating for Restaurant Brands International (NYSE:QSR)

TD Cowen reiterated their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $82.00 price target on the restaurant operator’s stock.

Several other equities analysts also recently weighed in on QSR. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a hold rating for the company in a research note on Tuesday, August 13th. Piper Sandler reduced their target price on Restaurant Brands International from $82.00 to $75.00 and set a neutral rating on the stock in a research note on Monday, August 12th. Genuity Capital Markets lowered their price objective on shares of Restaurant Brands International from $74.00 to $73.00 and set a neutral rating for the company in a report on Thursday, May 30th. KeyCorp lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set an overweight rating for the company in a research report on Thursday, June 27th. Finally, Royal Bank of Canada increased their target price on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an outperform rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of Moderate Buy and an average price target of $83.04.

Restaurant Brands International Price Performance

QSR stock opened at $69.18 on Thursday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The company’s 50-day moving average is $70.28 and its 200-day moving average is $72.23. 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 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Equities research analysts expect that Restaurant Brands International will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.35%. Restaurant Brands International’s payout ratio is presently 59.79%.

Insider Activity at Restaurant Brands International

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

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC acquired a new position in shares of Restaurant Brands International in the second quarter valued at $792,000. Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 6.5% in the 2nd quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator’s stock valued at $247,955,000 after buying an additional 213,877 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of Restaurant Brands International by 7.9% during the 2nd quarter. Chase Investment Counsel Corp now owns 5,439 shares of the restaurant operator’s stock worth $382,000 after acquiring an additional 396 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Restaurant Brands International by 37.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,637 shares of the restaurant operator’s stock valued at $3,704,000 after acquiring an additional 14,296 shares in the last quarter. Finally, Creative Planning increased its stake in Restaurant Brands International by 1.2% in the second quarter. Creative Planning now owns 62,040 shares of the restaurant operator’s stock valued at $4,366,000 after acquiring an additional 759 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 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.