Restaurant Brands International Inc. (NYSE:QSR) Receives $83.54 Consensus Target Price from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $83.5417.

Several analysts recently commented on QSR shares. Morgan Stanley raised their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company lifted their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Stifel Nicolaus raised Restaurant Brands International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Royal Bank Of Canada lifted their price objective on Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the sale, the insider directly owned 162,077 shares in the company, valued at $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 1,922.2% in 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. Western Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter worth $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $29,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter worth $40,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $76.32 on Friday. The stock has a market cap of $26.51 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.96 and a beta of 0.49. The business has a fifty day simple moving average of $76.56 and a 200-day simple moving average of $72.59. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, sell-side analysts anticipate that Restaurant Brands International will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.