Analysts Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $83.91

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $84.00.

A number of research analysts have recently issued reports on QSR shares. Guggenheim raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Evercore reiterated an “outperform” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Wells Fargo & Company increased their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley raised 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 report on Wednesday, July 15th.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its position in 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 valued at $25,000 after buying an additional 346 shares during the period. Groupe la Francaise purchased a new stake in Restaurant Brands International during the second quarter valued at approximately $27,000. Western Wealth Management LLC bought a new position in Restaurant Brands International in the first quarter worth approximately $28,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 1.6%

Shares of QSR stock opened at $80.16 on Friday. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The company has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $74.94. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.21 and a beta of 0.51. 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 (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $0.94 EPS. Restaurant Brands International’s revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that Restaurant Brands International will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a dividend yield of 3.2%. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

About Restaurant Brands International

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.