Restaurant Brands International (NYSE:QSR) Price Target Raised to $85.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective increased by Oppenheimer from $80.00 to $85.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

QSR has been the subject of several other research reports. Royal Bank Of Canada boosted their price objective on Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Scotiabank lowered their target price on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Citigroup reduced their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Truist Financial raised their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.19.

Restaurant Brands International Price Performance

NYSE QSR opened at $73.77 on Wednesday. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $75.57. The company has a fifty day simple moving average of $69.93 and a 200 day simple moving average of $68.46. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The company has a market cap of $25.61 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.11 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio (DPR) is 110.17%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 200,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the transaction, the chief executive officer owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 10,000 shares of Restaurant Brands International stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the sale, the insider owned 78,560 shares in the company, valued at $5,924,209.60. The trade was a 11.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 455,191 shares of company stock valued at $33,299,206 over the last ninety days. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of the stock. Baupost Group LLC MA raised its holdings in Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares in the last quarter. Platinum Paramount Investment LTD. acquired a new position in Restaurant Brands International during the fourth quarter valued at approximately $281,033,000. Norges Bank bought a new position in Restaurant Brands International in the second quarter valued at approximately $254,948,000. Capital World Investors grew its stake in Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. Finally, State Street Corp increased its position in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.