Restaurant Brands International’s (QSR) Hold Rating Reiterated at Argus

Argus restated their hold rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report sent to investors on Friday, Marketbeat Ratings reports.

Several other research analysts have also issued reports on QSR. Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Morgan Stanley upped their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Seaport Research Partners started coverage on Restaurant Brands International in a report on Wednesday, September 16th. They set a “buy” rating and a $88.00 target price on the stock. Finally, Royal Bank Of Canada set a $85.00 target price on Restaurant Brands International and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.04.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $71.64 on Friday. The business’s 50-day simple moving average is $75.82 and its 200 day simple moving average is $75.51. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 2.01 and a beta of 0.51. Restaurant Brands International has a 12-month low of $64.11 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its 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. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that Restaurant Brands International will post 4.01 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction 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. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of QSR. Groupe la Francaise acquired a new stake in shares of Restaurant Brands International during the second quarter worth $27,000. Western Wealth Management LLC acquired a new position in Restaurant Brands International in the 1st quarter worth $28,000. CoreCap Advisors LLC boosted its stake in Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares during the period. Continuum Advisory LLC bought a new position in Restaurant Brands International during the 2nd quarter worth about $37,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $40,000. Institutional investors own 82.29% of the company’s stock.

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.