Restaurant Brands International (NYSE:QSR) Price Target Increased to $89.00 by Analysts at Barclays

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by Barclays from $87.00 to $89.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a research report on Wednesday, February 14th. KeyCorp increased their price target on Restaurant Brands International from $82.00 to $85.00 and gave the stock an overweight rating in a research report on Wednesday. Truist Financial increased their price target on Restaurant Brands International from $87.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday. TD Cowen reissued a buy rating and set a $84.00 price target on shares of Restaurant Brands International in a research report on Tuesday. Finally, Stephens reissued an equal weight rating and set a $75.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $83.39.

Restaurant Brands International Price Performance

NYSE:QSR opened at $73.21 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock’s 50 day moving average price is $76.59 and its two-hundred day moving average price is $74.51. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91. 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 announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts anticipate that Restaurant Brands International will post 3.38 earnings per share 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. Shareholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, June 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.17%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 23,322 shares of the business’s 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 $1,761,977.10. Following the transaction, the insider now owns 406,860 shares in the company, valued at approximately $30,738,273. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Jill Granat sold 23,322 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $1,761,977.10. Following the sale, the insider now owns 406,860 shares of the company’s stock, valued at approximately $30,738,273. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock worth $28,828,182 in the last 90 days. Insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. Mather Group LLC. bought a new stake in Restaurant Brands International during the 1st quarter valued at $25,000. Pacifica Partners Inc. raised its holdings in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares during the period. Rise Advisors LLC increased its holdings in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth $30,000. Institutional investors 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.