Restaurant Brands International Inc. (NYSE:QSR) Stock Has Average Target Price of $83.75

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have received a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.50.

QSR has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price objective on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Monday. Robert W. Baird raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Morgan Stanley raised their price target on shares of Restaurant Brands International from $79.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday. Argus restated a “hold” rating on shares of Restaurant Brands International in a research report on Friday, September 25th. Finally, Seaport Research Partners started coverage on Restaurant Brands International in a report on Wednesday, September 16th. They set a “buy” rating and a $88.00 price objective on the stock.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently made changes to their positions in QSR. Allworth Financial LP boosted its holdings in Restaurant Brands International by 6.4% in the second 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. Syon Capital LLC boosted its stake in shares of Restaurant Brands International by 2.4% in the 2nd quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after purchasing an additional 146 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Restaurant Brands International by 4.1% during the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after buying an additional 170 shares during the period. Versant Capital Management Inc increased its position in shares of Restaurant Brands International by 6.3% during the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after buying an additional 207 shares during the period. Finally, Nichols & Pratt Advisers LLP MA increased its position in shares of Restaurant Brands International by 0.4% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 54,969 shares of the restaurant operator’s stock worth $3,986,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.43 on Friday. Restaurant Brands International has a twelve month low of $64.52 and a twelve month high of $81.96. The firm has a market cap of $25.96 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. The firm’s 50-day simple moving average is $75.09 and its 200-day simple moving average is $75.29. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $0.94 EPS. Restaurant Brands International’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Restaurant Brands International will post 4.19 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.