Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its price objective lifted by Piper Jaffray Companies from $52.00 to $56.00 in a report issued on Tuesday morning. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently weighed in on QSR. Credit Suisse Group raised their price objective on Restaurant Brands International from $53.00 to $53.00 and gave the stock a neutral rating in a research report on Tuesday. RBC Capital Markets raised their price objective on Restaurant Brands International from $54.00 to $59.00 and gave the stock an outperform rating in a research report on Tuesday. Zacks Investment Research cut Restaurant Brands International from a hold rating to a sell rating in a research report on Tuesday, January 17th. Stephens raised Restaurant Brands International from an equal weight rating to an overweight rating and set a $52.00 price objective for the company in a research report on Wednesday, October 19th. Finally, Royal Bank Of Canada raised their price objective on Restaurant Brands International from $49.00 to $54.00 and gave the stock an outperform rating in a research report on Tuesday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $50.25.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Shares of Restaurant Brands International (NYSE:QSR) opened at 53.85 on Tuesday. The firm has a 50-day moving average price of $49.64 and a 200-day moving average price of $47.06. The stock has a market cap of $12.61 billion, a PE ratio of 37.09 and a beta of 1.75. Restaurant Brands International has a 12 month low of $30.69 and a 12 month high of $55.22.

Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings data on Monday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The firm earned $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Restaurant Brands International had a return on equity of 21.52% and a net margin of 13.22%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. Equities analysts forecast that Restaurant Brands International will post $1.77 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.17. Restaurant Brands International’s payout ratio is currently 46.90%.

A number of hedge funds have recently modified their holdings of QSR. FMR LLC boosted its stake in shares of Restaurant Brands International by 1.5% in the fourth quarter. FMR LLC now owns 12,974,594 shares of the company’s stock worth $617,976,000 after buying an additional 186,166 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Restaurant Brands International by 22.6% in the second quarter. Royal Bank of Canada now owns 9,425,588 shares of the company’s stock worth $392,104,000 after buying an additional 1,739,079 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Restaurant Brands International by 3.5% in the fourth quarter. Franklin Resources Inc. now owns 6,899,243 shares of the company’s stock worth $328,614,000 after buying an additional 231,930 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Restaurant Brands International by 4.3% in the third quarter. Principal Financial Group Inc. now owns 6,583,247 shares of the company’s stock worth $293,481,000 after buying an additional 272,224 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Restaurant Brands International by 9.2% in the third quarter. Bank of Montreal Can now owns 6,263,425 shares of the company’s stock worth $279,224,000 after buying an additional 528,219 shares in the last quarter. 72.78% of the stock is owned by institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

5 Day Chart for NYSE:QSR

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