Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at CIBC

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by CIBC from $86.00 to $78.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other brokerages have also recently issued reports on QSR. Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. TD Securities reissued a “buy” rating and set a $70.00 price target on shares of Restaurant Brands International in a report on Wednesday. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus dropped their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Finally, Oppenheimer reduced their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.81.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $66.38 on Thursday. The stock’s 50-day moving average price is $64.40 and its 200 day moving average price is $68.08. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $21.54 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 52-week low of $59.67 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. As a group, equities research analysts forecast that Restaurant Brands International will post 3.3 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is 58.15%.

Insiders Place Their Bets

In related news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in Restaurant Brands International during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.