Restaurant Brands International (NYSE:QSR) Rating Reiterated by Deutsche Bank

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Deutsche Bank reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note released on Tuesday, AnalystRatings.com reports. They currently have a $71.00 price target on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Co reduced their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set an equal weight rating on the stock in a research report on Thursday, January 23rd. Longbow Research restated a hold rating on shares of Restaurant Brands International in a research report on Thursday, December 5th. Oppenheimer restated a buy rating and issued a $76.00 price target on shares of Restaurant Brands International in a research report on Monday, February 10th. KeyCorp reduced their price target on shares of Restaurant Brands International from $78.00 to $72.00 and set an overweight rating on the stock in a research report on Thursday, February 6th. Finally, ValuEngine upgraded shares of Restaurant Brands International from a sell rating to a hold rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $75.80.

Shares of QSR opened at $67.24 on Tuesday. The company’s fifty day moving average is $63.64 and its 200 day moving average is $68.69. Restaurant Brands International has a fifty-two week low of $60.58 and a fifty-two week high of $79.46. The stock has a market capitalization of $20.08 billion, a PE ratio of 28.37, a P/E/G ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.05 and a current ratio of 1.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 11.48% and a return on equity of 32.40%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Restaurant Brands International’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Restaurant Brands International will post 2.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Monday, March 16th will be given a dividend of $0.52 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. This represents a $2.08 dividend on an annualized basis and a yield of 3.09%. Restaurant Brands International’s payout ratio is 73.53%.

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its holdings in shares of Restaurant Brands International by 13.2% in the fourth quarter. Bank of Montreal Can now owns 10,007,936 shares of the restaurant operator’s stock worth $638,205,000 after purchasing an additional 1,165,219 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Restaurant Brands International by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 9,596,571 shares of the restaurant operator’s stock worth $611,974,000 after purchasing an additional 40,583 shares during the last quarter. Jarislowsky Fraser Ltd grew its holdings in shares of Restaurant Brands International by 2.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 7,718,513 shares of the restaurant operator’s stock worth $492,722,000 after purchasing an additional 185,438 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Restaurant Brands International by 4.4% in the third quarter. CIBC Asset Management Inc now owns 2,626,507 shares of the restaurant operator’s stock worth $186,776,000 after purchasing an additional 110,647 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Restaurant Brands International by 45.7% in the fourth quarter. Fiera Capital Corp now owns 2,561,576 shares of the restaurant operator’s stock worth $163,390,000 after purchasing an additional 803,078 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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