Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) has earned an average rating of “Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $71.27.
QSR has been the topic of several recent research reports. UBS Group set a $74.00 price target on Restaurant Brands International and gave the stock a “buy” rating in a research report on Thursday, September 20th. Cowen raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $64.00 to $74.00 in a research report on Tuesday, July 17th. Citigroup boosted their price target on Restaurant Brands International from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. ValuEngine raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Finally, Robert W. Baird initiated coverage on Restaurant Brands International in a research report on Friday, September 21st. They set an “outperform” rating on the stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its position in shares of Restaurant Brands International by 11.9% in the 2nd quarter. Northern Trust Corp now owns 273,756 shares of the restaurant operator’s stock valued at $16,508,000 after purchasing an additional 29,150 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Restaurant Brands International by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 304,385 shares of the restaurant operator’s stock valued at $18,354,000 after purchasing an additional 6,298 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at approximately $35,553,000. Andra AP fonden acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at approximately $1,364,000. Finally, Global X Management Co LLC raised its position in shares of Restaurant Brands International by 23.7% in the 2nd quarter. Global X Management Co LLC now owns 15,887 shares of the restaurant operator’s stock valued at $958,000 after purchasing an additional 3,049 shares in the last quarter. 79.32% of the stock is currently owned by institutional investors.
Shares of NYSE:QSR traded up $0.01 during trading on Wednesday, reaching $59.20. 735,600 shares of the stock were exchanged, compared to its average volume of 1,735,256. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.17 and a current ratio of 1.24. Restaurant Brands International has a 12-month low of $53.09 and a 12-month high of $68.89. The stock has a market capitalization of $14.75 billion, a P/E ratio of 28.19, a PEG ratio of 1.57 and a beta of 1.40.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Restaurant Brands International had a return on equity of 28.10% and a net margin of 13.68%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. analysts predict that Restaurant Brands International will post 2.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 6th. Restaurant Brands International’s payout ratio is 85.71%.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
Further Reading: Diversification
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