Restaurant Brands International Inc. (NYSE:QSR) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $84.04.

QSR has been the topic of a number of research analyst reports. Seaport Research Partners initiated coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $88.00 price target on the stock. Evercore reiterated an “outperform” rating and set a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Guggenheim upped their price objective on shares of Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Piper Sandler dropped their price objective on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Argus restated a “hold” rating on shares of Restaurant Brands International in a research report on Friday.

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 stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors grew its holdings in shares of Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after buying an additional 2,703,134 shares during the last quarter. Fiera Capital Corp boosted its position in Restaurant Brands International by 38.2% during the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after buying an additional 1,889,359 shares during the period. TD Asset Management Inc boosted its position in Restaurant Brands International by 0.7% during the 4th quarter. TD Asset Management Inc now owns 5,544,780 shares of the restaurant operator’s stock worth $378,851,000 after buying an additional 38,919 shares during the period. Finally, Geode Capital Management LLC boosted its position in Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after buying an additional 295,935 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 0.3%

Shares of QSR opened at $71.45 on Tuesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International has a 52-week low of $64.11 and a 52-week high of $81.96. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.01 and a beta of 0.51. The business’s fifty day moving average is $75.77 and its 200-day moving average is $75.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company earned $0.94 EPS. Restaurant Brands International’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that Restaurant Brands International will post 4.01 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s dividend payout ratio is presently 69.89%.

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.