Restaurant Brands International Inc. (NYSE:QSR) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $84.04.

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. CL King set a $80.00 target price on shares of Restaurant Brands International in a report on Monday, August 10th. Finally, Scotia dropped their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the business. Capital World Investors boosted its stake in Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares in the last quarter. Fiera Capital Corp raised its stake in Restaurant Brands International by 38.2% during the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Restaurant Brands International by 0.7% in the fourth quarter. TD Asset Management Inc now owns 5,544,780 shares of the restaurant operator’s stock worth $378,851,000 after acquiring an additional 38,919 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Restaurant Brands International by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after acquiring an additional 295,935 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 1.0%

Shares of NYSE:QSR opened at $71.64 on Tuesday. The company has a market capitalization of $24.98 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.00 and a beta of 0.51. Restaurant Brands International has a 1 year low of $64.11 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The business’s 50 day simple moving average is $75.82 and its 200 day simple moving average is $75.50.

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 the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. On average, research analysts anticipate that Restaurant Brands International will post 4.01 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s payout ratio is currently 69.89%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.