Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been given a consensus rating of “Moderate Buy” by the twenty-seven brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $83.11.

QSR has been the topic of several analyst reports. Bank of America increased their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. KeyCorp cut their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Truist Financial decreased their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. TD Cowen reaffirmed a “buy” rating and set a $82.00 price target on shares of Restaurant Brands International in a report on Thursday, September 12th. Finally, Stifel Nicolaus decreased their price objective on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th.

Restaurant Brands International Trading Up 0.5 %

NYSE QSR opened at $72.50 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a 50-day simple moving average of $69.95 and a 200-day simple moving average of $71.44. The firm has a market capitalization of $22.97 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, equities analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.20%. Restaurant Brands International’s payout ratio is presently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently modified their holdings of QSR. US Bancorp DE boosted its position in Restaurant Brands International by 16.1% during the fourth quarter. US Bancorp DE now owns 9,096 shares of the restaurant operator’s stock valued at $711,000 after purchasing an additional 1,262 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Restaurant Brands International by 2.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 22,490 shares of the restaurant operator’s stock valued at $1,758,000 after buying an additional 640 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $184,000. Hsbc Holdings PLC increased its holdings in Restaurant Brands International by 12.4% in the fourth quarter. Hsbc Holdings PLC now owns 104,797 shares of the restaurant operator’s stock worth $8,188,000 after buying an additional 11,555 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 153 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.