Restaurant Brands International Inc. (NYSE:QSR) Given Average Rating of “Hold” by Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have received a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $75.0417.

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Restaurant Brands International from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Bank of America dropped their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a report on Friday, July 18th. Piper Sandler decreased their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Oppenheimer upped their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, May 27th. Finally, Scotiabank reduced their price objective on shares of Restaurant Brands International from $75.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, August 8th.

Restaurant Brands International Price Performance

Shares of QSR opened at $62.91 on Friday. The firm has a market cap of $20.62 billion, a PE ratio of 23.83, a P/E/G ratio of 2.75 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The firm has a fifty day simple moving average of $65.62 and a two-hundred day simple moving average of $66.43. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $74.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Restaurant Brands International’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.9%. Restaurant Brands International’s dividend payout ratio (DPR) is 93.94%.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raleigh Capital Management Inc. boosted its stake in shares of Restaurant Brands International by 2.2% during the second quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator’s stock valued at $460,000 after purchasing an additional 151 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Restaurant Brands International by 3.6% in the second quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 174 shares in the last quarter. MAI Capital Management raised its holdings in shares of Restaurant Brands International by 4.1% in the second quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after buying an additional 180 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Restaurant Brands International by 49.3% in the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after buying an additional 200 shares during the last quarter. Finally, Moloney Securities Asset Management LLC raised its holdings in shares of Restaurant Brands International by 0.9% in the second quarter. Moloney Securities Asset Management LLC now owns 23,474 shares of the restaurant operator’s stock worth $1,556,000 after buying an additional 205 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.