Restaurant Brands International (NYSE:QSR) Upgraded to Strong-Buy at Seaport Research Partners

Seaport Research Partners upgraded shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) to a strong-buy rating in a report issued on Tuesday,Zacks reports.

Other analysts have also recently issued reports about the stock. Evercore reiterated an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Friday, August 7th. Morgan Stanley increased their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Scotia cut their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Robert W. Baird raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Finally, TD Cowen lifted their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $74.94 on Tuesday. Restaurant Brands International has a fifty-two week low of $62.85 and a fifty-two week high of $81.96. The stock’s 50-day moving average is $76.27 and its two-hundred day moving average is $75.53. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market cap of $26.14 billion, a P/E ratio of 20.15, a PEG ratio of 2.11 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Analysts predict that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Insider Activity at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new stake in Restaurant Brands International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Restaurant Brands International during the second quarter worth approximately $27,000. Western Wealth Management LLC bought a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $28,000. Finally, CoreCap Advisors LLC boosted its position in shares of Restaurant Brands International by 304.3% in the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 350 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.