Restaurant Brands International Inc. (NYSE:QSR) Receives Average Recommendation of “Moderate Buy” from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.56.

QSR has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday. Scotiabank lifted their price target on Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. BMO Capital Markets upped their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Piper Sandler decreased their price target on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, TD Securities increased their price target on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday.

Insider Activity

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Aviva PLC grew its stake in shares of Restaurant Brands International by 1.3% in the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after acquiring an additional 149 shares in the last quarter. Parallel Advisors LLC increased its holdings in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 168 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Restaurant Brands International by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 170 shares in the last quarter. Finally, Rise Advisors LLC lifted its holdings in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 2.2 %

NYSE QSR opened at $75.83 on Tuesday. The stock has a 50-day simple moving average of $76.56 and a 200 day simple moving average of $74.59. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $23.99 billion, a PE ratio of 19.54, a P/E/G ratio of 2.25 and a beta of 0.92. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29.

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

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.