Restaurant Brands International Inc. (NYSE:QSR) Receives $74.76 Consensus Price Target from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $75.2273.

QSR has been the topic of several analyst reports. Barclays decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Sanford C. Bernstein set a $78.00 price target on shares of Restaurant Brands International in a report on Friday, August 8th. Guggenheim upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Finally, Scotiabank raised their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st.

Restaurant Brands International Stock Down 0.4%

Shares of NYSE QSR opened at $71.34 on Wednesday. The stock has a market capitalization of $23.38 billion, a P/E ratio of 25.39, a PEG ratio of 2.85 and a beta of 0.60. Restaurant Brands International has a one year low of $58.71 and a one year high of $73.13. The firm’s 50 day simple moving average is $67.97 and its two-hundred day simple moving average is $67.25. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. As a group, analysts expect that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.26%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman directly owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. The trade was a 18.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ali Hedayat sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the transaction, the director owned 18,962 shares of the company’s stock, valued at $1,379,864.74. This trade represents a 26.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently modified their holdings of QSR. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International in the third quarter worth about $29,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the 2nd quarter worth approximately $33,000. CX Institutional raised its position in shares of Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 260 shares during the period. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.