Argus Initiates Coverage on Restaurant Brands International (NYSE:QSR)

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Argus started coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $90.00 price target on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on QSR. Zacks Investment Research raised shares of Restaurant Brands International from a sell rating to a hold rating in a research note on Friday, May 24th. UBS Group reaffirmed a buy rating and set a $79.00 price objective (up previously from $74.00) on shares of Restaurant Brands International in a research note on Friday, July 12th. BMO Capital Markets raised their price objective on shares of Restaurant Brands International from $76.00 to $84.00 and gave the stock an outperform rating in a research note on Monday, August 5th. Stephens raised their price objective on shares of Restaurant Brands International from $75.00 to $82.00 and gave the stock an overweight rating in a research note on Monday, August 5th. Finally, Oppenheimer raised their price objective on shares of Restaurant Brands International from $75.00 to $83.00 and gave the stock an outperform rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. Restaurant Brands International currently has a consensus rating of Buy and an average price target of $78.74.

Shares of NYSE:QSR opened at $72.59 on Tuesday. Restaurant Brands International has a twelve month low of $50.20 and a twelve month high of $79.46. The company’s 50 day moving average is $75.34 and its 200 day moving average is $69.44. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 3.30. The company has a market cap of $18.59 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.91 and a beta of 1.23.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. Equities research analysts predict that Restaurant Brands International will post 2.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Tuesday, September 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.76%. Restaurant Brands International’s dividend payout ratio is currently 76.05%.

In related news, Director Paul J. Fribourg sold 488,024 shares of Restaurant Brands International stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.20, for a total value of $37,675,452.80. Following the sale, the director now owns 58,005 shares of the company’s stock, valued at approximately $4,477,986. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline Friesner sold 26,392 shares of Restaurant Brands International stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.30, for a total transaction of $2,040,101.60. Following the completion of the sale, the insider now directly owns 106,352 shares in the company, valued at approximately $8,221,009.60. The disclosure for this sale can be found here. Insiders sold a total of 840,294 shares of company stock worth $64,840,016 in the last three months. 4.13% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in QSR. Coastal Capital Group Inc. acquired a new stake in Restaurant Brands International in the 2nd quarter valued at $28,000. Coastal Investment Advisors Inc. acquired a new stake in Restaurant Brands International in the 2nd quarter valued at $31,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Restaurant Brands International in the 2nd quarter valued at $36,000. Signaturefd LLC grew its stake in Restaurant Brands International by 40.3% in the 2nd quarter. Signaturefd LLC now owns 1,097 shares of the restaurant operator’s stock valued at $76,000 after acquiring an additional 315 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Restaurant Brands International in the 2nd quarter valued at $103,000. 77.68% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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