Restaurant Brands International (NYSE:QSR) Price Target Raised to $75.00 at Wells Fargo & Company

Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) had its target price lifted by Wells Fargo & Company from $70.00 to $75.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Scotiabank lowered their price target on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, February 13th. Robert W. Baird upped their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Sanford C. Bernstein set a $82.00 target price on Restaurant Brands International in a research note on Friday, February 13th. Finally, Barclays decreased their target price on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.20.

Check Out Our Latest Report on QSR

Restaurant Brands International Stock Up 2.6%

Shares of NYSE:QSR traded up $1.84 during trading on Friday, hitting $71.73. 3,580,684 shares of the company were exchanged, compared to its average volume of 2,904,983. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.13 and a beta of 0.58. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The firm has a fifty day moving average price of $68.59 and a two-hundred day moving average price of $67.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 105.08%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Peter Perdue sold 3,882 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $262,073.82. Following the transaction, the insider directly owned 42,906 shares of the company’s stock, valued at $2,896,584.06. This represents a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jacqueline Friesner sold 4,617 shares of Restaurant Brands International stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $311,693.67. Following the sale, the insider directly owned 194,201 shares of the company’s stock, valued at $13,110,509.51. This represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 186,401 shares of company stock worth $12,857,069 over the last three months. 1.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QSR. Lloyd Advisory Services LLC. bought a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Restaurant Brands International in the fourth quarter worth $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Restaurant Brands International in the second quarter worth $35,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International News Summary

Here are the key news stories impacting Restaurant Brands International this week:

About Restaurant Brands International

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Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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