Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned an average rating of “Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $69.06.

Several research firms recently commented on QSR. Wells Fargo & Company upped their price target on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Royal Bank Of Canada increased their price objective on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. increased their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, October 18th. Finally, OTR Global upgraded shares of Restaurant Brands International to a “positive” rating in a research note on Monday, October 16th.

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In other Restaurant Brands International news, CEO Daniel S. Schwartz sold 708,582 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $64.49, for a total transaction of $45,696,453.18. Following the completion of the transaction, the chief executive officer now owns 886,272 shares in the company, valued at approximately $57,155,681.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jose E. Cil sold 60,832 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $64.01, for a total transaction of $3,893,856.32. Following the transaction, the executive vice president now owns 73,618 shares of the company’s stock, valued at approximately $4,712,288.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 902,325 shares of company stock valued at $58,066,044. Company insiders own 3.05% of the company’s stock.

Several large investors have recently added to or reduced their stakes in QSR. BNP Paribas Arbitrage SA increased its stake in shares of Restaurant Brands International by 10.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 200 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Restaurant Brands International by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 306 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Restaurant Brands International by 9.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 261 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Restaurant Brands International by 16,250.0% in the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Restaurant Brands International in the 2nd quarter valued at $211,000. Institutional investors own 76.24% of the company’s stock.

Restaurant Brands International (QSR) traded up $1.00 during mid-day trading on Friday, hitting $65.66. 730,718 shares of the company traded hands, compared to its average volume of 1,331,650. The firm has a market cap of $15,560.76, a price-to-earnings ratio of 34.66 and a beta of 1.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Restaurant Brands International’s revenue was up 12.4% compared to the same quarter last year. analysts anticipate that Restaurant Brands International will post 1.98 earnings per share for the current year.

Restaurant Brands International declared that its board has initiated a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, December 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is 55.17%.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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