Restaurant Brands International (NYSE:QSR) PT Raised to $74.00 at Guggenheim

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price raised by Guggenheim from $73.00 to $74.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other brokerages have also issued reports on QSR. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an overweight rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus cut their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a hold rating on the stock in a research note on Tuesday, August 13th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating for the company in a research report on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on Restaurant Brands International in a research report on Thursday, June 13th. They set a buy rating and a $80.00 price objective on the stock. Finally, Genuity Capital Markets reduced their price objective on Restaurant Brands International from $74.00 to $73.00 and set a neutral rating on the stock in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of Moderate Buy and an average price target of $83.07.

Restaurant Brands International Stock Up 3.5 %

Shares of NYSE QSR opened at $68.91 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The business’s 50 day moving average is $70.31 and its two-hundred day moving average is $72.35. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.04 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Research analysts predict that Restaurant Brands International will post 3.36 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. 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 have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Restaurant Brands International during the 1st quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International during the first quarter worth approximately $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Restaurant Brands International during the first quarter worth $59,000. Parallel Advisors LLC grew its position in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at $79,000. Institutional investors and hedge funds 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.