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

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $75.0417.

Several analysts recently issued reports on the company. Barclays cut their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Piper Sandler cut their target price 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. Morgan Stanley cut their target price on Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating for the company in a research report on Monday, July 14th. Guggenheim increased their target price 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. Finally, Royal Bank Of Canada dropped their price target on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, August 8th.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the stock. Dunhill Financial LLC lifted its stake in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $33,000. CX Institutional lifted its stake in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 255 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Down 0.8%

Restaurant Brands International stock opened at $63.3070 on Monday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The stock has a fifty day moving average of $67.14 and a 200 day moving average of $66.65. The stock has a market cap of $20.75 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. Restaurant Brands International has a one year low of $58.71 and a one year high of $74.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. As a group, sell-side analysts predict that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.9%. Restaurant Brands International’s dividend payout ratio is presently 93.94%.

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.