Restaurant Brands International (NYSE:QSR) Given New $65.00 Price Target at Robert W. Baird

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by Robert W. Baird from $72.00 to $65.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on QSR. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced 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 Thursday, March 20th. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Finally, Jefferies Financial Group lowered their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.63.

Restaurant Brands International Trading Up 2.9 %

Shares of Restaurant Brands International stock opened at $61.76 on Monday. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $77.24. The company’s fifty day simple moving average is $65.30 and its 200-day simple moving average is $66.83. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.77 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, sell-side analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.02%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock valued at $17,740,281 over the last quarter. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Institutional investors have recently bought and sold shares of the business. Inkwell Capital LLC bought a new position in shares of Restaurant Brands International in the 4th quarter worth $3,370,000. Summerhill Capital Management lnc. bought a new position in Restaurant Brands International during the fourth quarter worth about $841,000. Baskin Financial Services Inc. grew its position in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after buying an additional 9,208 shares during the period. Aviso Financial Inc. increased its stake in shares of Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock valued at $61,384,000 after acquiring an additional 37,241 shares during the last quarter. Finally, Alberta Investment Management Corp raised its position in shares of Restaurant Brands International by 0.7% in the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after acquiring an additional 6,000 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

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.