Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other analysts also recently weighed in on QSR. Royal Bank Of Canada increased their price target on shares of Restaurant Brands International from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Stephens reiterated an “overweight” rating and issued a $58.00 price target on shares of Restaurant Brands International in a research report on Wednesday, February 22nd. Longbow Research upgraded shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 23rd. Zacks Investment Research upgraded shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Friday, February 24th. Finally, OTR Global reiterated a “positive” rating on shares of Restaurant Brands International in a research report on Tuesday, April 11th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $58.50.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (QSR) opened at 61.93 on Wednesday. The stock has a market capitalization of $14.59 billion, a P/E ratio of 42.92 and a beta of 1.81. Restaurant Brands International has a 52-week low of $39.28 and a 52-week high of $62.58. The stock has a 50 day moving average of $59.57 and a 200 day moving average of $54.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.16 million. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. Restaurant Brands International’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. On average, equities research analysts forecast that Restaurant Brands International will post $1.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Monday, May 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.23%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 11th. Restaurant Brands International’s dividend payout ratio is presently 52.41%.

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In related news, EVP Jose E. Cil sold 105,540 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $59.86, for a total transaction of $6,317,624.40. Following the completion of the sale, the executive vice president now directly owns 58,644 shares of the company’s stock, valued at approximately $3,510,429.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jose E. Cil sold 142,700 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $59.05, for a total value of $8,426,435.00. Following the sale, the executive vice president now directly owns 21,684 shares of the company’s stock, valued at $1,280,440.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,000 shares of company stock valued at $14,849,219. 4.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Restaurant Brands International by 4.0% in the first quarter. Principal Financial Group Inc. now owns 8,364,353 shares of the restaurant operator’s stock worth $466,229,000 after buying an additional 321,262 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Restaurant Brands International by 17.2% in the first quarter. OppenheimerFunds Inc. now owns 477,240 shares of the restaurant operator’s stock valued at $26,601,000 after buying an additional 69,988 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Restaurant Brands International by 15.4% in the first quarter. Russell Investments Group Ltd. now owns 138,985 shares of the restaurant operator’s stock valued at $7,722,000 after buying an additional 18,548 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Restaurant Brands International during the first quarter valued at $1,367,000. Finally, Creative Planning boosted its position in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

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.

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