Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Price Target at $82.37

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been given an average recommendation of “Moderate Buy” by the twenty-six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $82.37.

Several equities research analysts have recently commented on QSR shares. Guggenheim lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company cut their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Evercore ISI dropped their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Argus reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, KeyCorp lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock worth $62,327,000 after purchasing an additional 4,702 shares during the period. Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after acquiring an additional 126,600 shares during the period. Vestcor Inc acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $1,103,000. Public Employees Retirement System of Ohio bought a new stake in Restaurant Brands International in the 3rd quarter valued at $1,851,000. Finally, Meritage Group LP acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $4,039,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $69.41 on Friday. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.20 and a beta of 0.94. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a 50-day moving average price of $70.22 and a 200 day moving average price of $70.13.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

Restaurant Brands International Company Profile

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.