Restaurant Brands International Inc. (NYSE:QSR) Receives $82.27 Average PT from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have received an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $82.27.

QSR has been the topic of several recent research reports. KeyCorp decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. CIBC reduced their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Argus lowered their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reduced their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th.

Insider Activity

In related news, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International in the third quarter valued at approximately $61,000. Crewe Advisors LLC boosted its position in Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 472 shares during the last quarter. Blue Trust Inc. increased its holdings in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after buying an additional 768 shares during the period. Finally, GAMMA Investing LLC raised its position in Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 704 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $68.26 on Wednesday. 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 company has a 50 day moving average price of $69.98 and a 200-day moving average price of $69.98. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The firm has a market capitalization of $22.09 billion, a PE ratio of 17.34, a P/E/G ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.40%. Restaurant Brands International’s payout ratio 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.