Analysts Set Restaurant Brands International Inc. (NYSE:QSR) PT at $82.37

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have earned a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $82.37.

A number of equities research analysts have weighed in on QSR shares. CIBC decreased their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Evercore ISI cut their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, TD Cowen dropped their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th.

Restaurant Brands International Stock Up 2.1 %

Shares of QSR stock opened at $68.93 on Friday. The stock has a market cap of $22.31 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a fifty day moving average price of $70.15 and a 200 day moving average price of $70.18. Restaurant Brands International has a one year low of $65.87 and a one year high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is 58.15%.

Insider Activity at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 26.97 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in Restaurant Brands International by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after acquiring an additional 7,196 shares in the last quarter. Cetera Investment Advisers lifted its stake in Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock valued at $3,245,000 after purchasing an additional 15,891 shares during the last quarter. Sumitomo Life Insurance Co. bought a new position in Restaurant Brands International during the second quarter worth about $666,000. Dimensional Fund Advisors LP grew its holdings in Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after purchasing an additional 10,855 shares during the period. Finally, Seven Eight Capital LP increased its position in Restaurant Brands International by 646.3% during the first quarter. Seven Eight Capital LP now owns 23,627 shares of the restaurant operator’s stock worth $1,877,000 after buying an additional 20,461 shares during the last quarter. 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.