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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by KeyCorp from $82.00 to $85.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an overweight rating in a research note on Friday, February 16th. TD Cowen reiterated a buy rating and issued a $84.00 price target on shares of Restaurant Brands International in a research report on Tuesday, April 30th. Citigroup lowered their price objective on Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a research report on Tuesday, April 16th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a report on Wednesday, January 17th. Finally, BMO Capital Markets raised their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Price Performance

QSR stock opened at $75.83 on Wednesday. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.25 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94. The company has a 50 day simple moving average of $76.56 and a 200 day simple moving average of $74.59. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the sale, the insider now directly owns 410,759 shares of the company’s stock, valued at $31,299,835.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of Restaurant Brands International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the transaction, the insider now directly owns 410,759 shares of the company’s stock, valued at approximately $31,299,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now owns 578,125 shares of the company’s stock, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aviva PLC increased its position in shares of Restaurant Brands International by 1.3% during the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock valued at $784,000 after acquiring an additional 149 shares during the last quarter. Parallel Advisors LLC grew its stake in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Restaurant Brands International by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock valued at $423,000 after purchasing an additional 168 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Restaurant Brands International by 3.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors 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.