Restaurant Brands International (NYSE:QSR) Price Target Raised to $85.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by Robert W. Baird from $80.00 to $85.00 in a research note released on Monday,BayStreet.CA reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other research firms have also commented on QSR. Wells Fargo & Company increased their target price on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Morgan Stanley lifted their price target on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Weiss Ratings raised Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. UBS Group increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Piper Sandler cut their target price on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.91.

Restaurant Brands International Trading Down 2.7%

NYSE QSR opened at $79.34 on Monday. Restaurant Brands International has a 52 week low of $61.33 and a 52 week high of $81.96. The firm has a 50 day moving average of $74.84 and a two-hundred day moving average of $74.55. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The stock has a market capitalization of $27.71 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. As a group, research analysts expect that Restaurant Brands International will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new position in shares of Restaurant Brands International during the fourth quarter worth about $25,000. Larson Financial Group LLC increased its position in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares in the last quarter. Groupe la Francaise purchased a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $28,000. Finally, CoreCap Advisors LLC boosted its position in shares of Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 350 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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.