Jefferies Financial Group Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by Jefferies Financial Group from $82.00 to $78.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Guggenheim increased their price objective on Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, September 18th. TD Cowen boosted their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Argus reissued a “hold” rating on shares of Restaurant Brands International in a research report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Sixteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Restaurant Brands International Stock Performance

Shares of QSR opened at $69.75 on Tuesday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. Restaurant Brands International has a one year low of $64.52 and a one year high of $81.96. The company has a 50-day simple moving average of $75.63 and a two-hundred day simple moving average of $75.48. The firm has a market capitalization of $24.33 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS. On average, analysts anticipate that Restaurant Brands International will post 4.01 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is currently owned by insiders.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in the business. Andra AP fonden boosted its position in shares of Restaurant Brands International by 5,141.7% during the second quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock valued at $4,561,000 after buying an additional 61,700 shares during the last quarter. Engineers Gate Manager LP raised its position in Restaurant Brands International by 150.7% in the 2nd quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock worth $2,641,000 after buying an additional 21,897 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Restaurant Brands International by 1,440.5% during the 2nd quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock valued at $6,843,000 after acquiring an additional 88,246 shares during the period. Baird Financial Group Inc. bought a new position in Restaurant Brands International during the 2nd quarter valued at about $352,000. Finally, Allworth Financial LP boosted its holdings in shares of Restaurant Brands International by 6.4% during the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 136 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.