A number of firms have modified their ratings and price targets on shares of Restaurant Brands International (NYSE: QSR) recently:

  • 8/11/2017 – Restaurant Brands International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/7/2017 – Restaurant Brands International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Restaurant Brands’ second-quarter 2017 adjusted earnings of $0.51 per share beat the Zacks Consensus Estimate by 13.3% and rose 24.4% year over year. Revenues of $1.13 billion increased nearly 9% year over year but fell just short of the consensus mark. Notably, this marked the 10th consecutive quarterly earnings beat for the company. Meanwhile, though comps rose at Burger King, the same fell at Tim Hortons and Popeyes. Going into the second half, the company aims to maintain the momentum at Burger King, while improving comps growth at Tim Hortons and Popeyes via various sales-boosting initiatives. Additionally, it plans to continue focusing on expansion, guest satisfaction and franchisee profitability to drive long-term growth. Notably, Restaurant Brands’ shares outpaced the industry in the last six months. Yet, rising costs along with currency woes may dent profits, while a soft consumer spending environment might hurt comps.”
  • 8/4/2017 – Restaurant Brands International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Restaurant Brands’ second-quarter 2017 adjusted earnings of $0.51 per share beat the Zacks Consensus Estimate by 13.3% and rose 24.4% year over year. Revenues of $1.13 billion increased nearly 9% year over year but fell just short of the consensus mark. Notably, this marked the 10th consecutive quarterly earnings beat for the company. Meanwhile, though comps rose at Burger King, the same fell at Tim Hortons and Popeyes. Going into the second half, the company aims to maintain the momentum at Burger King, while improving comps growth at Tim Hortons and Popeyes via various sales-boosting initiatives. Additionally, it plans to continue focusing on expansion, guest satisfaction and franchisee profitability to drive long-term growth. Notably, Restaurant Brands’ shares outpaced the industry in the last six months. Yet, rising costs along with currency woes may dent profits, while a soft consumer spending environment might hurt comps.”
  • 8/3/2017 – Restaurant Brands International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2017 – Restaurant Brands International had its price target raised by analysts at Stephens from $60.00 to $68.00. They now have an “overweight” rating on the stock.
  • 8/3/2017 – Restaurant Brands International had its price target raised by analysts at BMO Capital Markets from $63.00 to $66.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Restaurant Brands International had its price target raised by analysts at Scotiabank from $63.00 to $65.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Restaurant Brands International had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $68.00 price target on the stock, up previously from $64.00.
  • 7/27/2017 – Restaurant Brands International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Restaurant Brands International is now covered by analysts at Nomura. They set a “buy” rating and a $73.00 price target on the stock.
  • 7/12/2017 – Restaurant Brands International is now covered by analysts at Instinet. They set a “buy” rating and a $73.00 price target on the stock.
  • 6/21/2017 – Restaurant Brands International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Restaurant Brands International was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating.
  • 6/14/2017 – Restaurant Brands International was upgraded by analysts at Oppenheimer Holdings, Inc. from a “market perform” rating to an “outperform” rating. They now have a $70.00 price target on the stock.
  • 6/14/2017 – Restaurant Brands International was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating. They now have a $70.00 price target on the stock.
  • 6/14/2017 – Restaurant Brands International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – Restaurant Brands International had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $62.00 price target on the stock, up previously from $58.00.

Shares of Restaurant Brands International Inc. (QSR) traded up 0.34% on Friday, reaching $59.90. The company’s stock had a trading volume of 231,577 shares. The company’s 50 day moving average price is $61.35 and its 200 day moving average price is $57.38. Restaurant Brands International Inc. has a 12-month low of $42.35 and a 12-month high of $62.94. The company has a market cap of $14.15 billion, a P/E ratio of 41.92 and a beta of 1.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts forecast that Restaurant Brands International Inc. will post $1.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be given a $0.20 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, September 14th. Restaurant Brands International’s payout ratio is currently 52.78%.

In other Restaurant Brands International news, Director Ali Hedayat acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now owns 25,966 shares of the company’s stock, valued at approximately $1,592,235.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jose E. Cil sold 105,540 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $59.86, for a total value of $6,317,624.40. Following the completion of the transaction, the executive vice president now directly owns 58,644 shares in the company, valued at $3,510,429.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 250,000 shares of company stock worth $14,849,219. Insiders own 4.20% of the company’s stock.

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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