Restaurant Brands International Inc. (NYSE:QSR) Given Average Rating of “Hold” by Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been given an average rating of “Hold” by the twenty-three analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $75.00.

Several analysts recently commented on QSR shares. Piper Sandler dropped their price target on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Guggenheim boosted their price target on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Citigroup boosted their target price on Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Scotiabank boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. HM Payson & Co. purchased a new position in Restaurant Brands International during the first quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in Restaurant Brands International during the third quarter worth about $29,000. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International during the second quarter worth about $33,000. CX Institutional raised its stake in Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares during the period. Finally, Private Trust Co. NA raised its stake in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 255 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $67.05 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $72.32. The stock has a market capitalization of $21.98 billion, a PE ratio of 23.86, a P/E/G ratio of 2.63 and a beta of 0.63. The company has a fifty day moving average of $65.42 and a two-hundred day moving average of $66.74.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is currently 88.26%.

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.