Restaurant Brands International (NYSE:QSR) Price Target Raised to $93.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by Loop Capital from $86.00 to $93.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently issued reports on QSR. 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. Citigroup increased their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a neutral rating in a research report on Wednesday. Oppenheimer increased their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an outperform rating in a research report on Friday, January 5th. Guggenheim raised their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a neutral rating in a report on Wednesday, February 14th. Finally, Truist Financial raised their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the company a buy rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International currently has an average rating of Moderate Buy and a consensus price target of $83.39.

Restaurant Brands International Trading Down 3.5 %

NYSE QSR opened at $73.21 on Wednesday. The firm’s 50-day moving average is $76.59 and its two-hundred day moving average is $74.51. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $23.16 billion, a P/E ratio of 19.42, a PEG ratio of 2.19 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, sell-side analysts anticipate that Restaurant Brands International will post 3.38 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 23,322 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the transaction, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 23,322 shares of Restaurant Brands International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the transaction, the insider now owns 406,860 shares in the company, valued at $30,738,273. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Moloney Securities Asset Management LLC grew its position in Restaurant Brands International by 2.3% in the 1st quarter. Moloney Securities Asset Management LLC now owns 19,118 shares of the restaurant operator’s stock valued at $1,519,000 after buying an additional 435 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Restaurant Brands International by 2.6% in the first quarter. Greenwood Capital Associates LLC now owns 16,488 shares of the restaurant operator’s stock valued at $1,310,000 after acquiring an additional 421 shares during the period. Capstone Investment Advisors LLC lifted its holdings in Restaurant Brands International by 168.6% in the first quarter. Capstone Investment Advisors LLC now owns 17,378 shares of the restaurant operator’s stock valued at $1,381,000 after acquiring an additional 10,908 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Restaurant Brands International by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 176,629 shares of the restaurant operator’s stock valued at $14,033,000 after acquiring an additional 7,999 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.