Analysts Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $77.08

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $77.08.

A number of research firms have recently issued reports on QSR. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $74.00 to $71.00 in a research note on Friday, January 24th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Finally, CIBC lowered their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jeffrey Housman sold 14,593 shares of Restaurant Brands International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the sale, the insider now owns 142,986 shares of the company’s stock, valued at $9,205,438.68. The trade was a 9.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 300,226 shares of company stock valued at $19,121,223. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in Restaurant Brands International by 473.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,645 shares of the restaurant operator’s stock valued at $1,606,000 after acquiring an additional 20,348 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Restaurant Brands International during the 4th quarter valued at $4,325,000. Park Square Financial Group LLC acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at $81,000. Public Employees Retirement System of Ohio increased its position in shares of Restaurant Brands International by 110.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock valued at $3,510,000 after purchasing an additional 28,248 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in shares of Restaurant Brands International by 0.4% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock valued at $76,006,000 after purchasing an additional 4,464 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR stock opened at $67.16 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a 1 year low of $59.67 and a 1 year high of $80.02. The firm has a market cap of $21.83 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The stock has a 50-day simple moving average of $64.25 and a 200-day simple moving average of $67.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

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.