Restaurant Brands International (NYSE:QSR) Stock Rating Reaffirmed by TD Cowen

TD Cowen reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report report published on Tuesday, Benzinga reports. TD Cowen currently has a $84.00 price objective on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on the stock. Oppenheimer lifted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an outperform rating in a research note on Friday, January 5th. Truist Financial lowered their target price on Restaurant Brands International from $89.00 to $87.00 and set a buy rating on the stock in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a hold rating in a report on Thursday, January 4th. Piper Sandler dropped their price objective on Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $83.56.

Restaurant Brands International Stock Up 2.2 %

NYSE:QSR opened at $75.87 on Tuesday. The business’s fifty day moving average price is $76.57 and its 200 day moving average price is $74.51. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.18 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm’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 EPS. On average, sell-side analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 46,701 shares of the company’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 $3,528,260.55. Following the completion of the transaction, the chief financial officer now owns 128,154 shares of the company’s stock, valued at approximately $9,682,034.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Matthew Dunnigan sold 46,701 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 transaction of $3,528,260.55. Following the sale, the chief financial officer now directly owns 128,154 shares in the company, valued at $9,682,034.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last three months. 1.25% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new position in Restaurant Brands International in the first quarter worth about $25,000. Pacifica Partners Inc. grew its stake in shares of Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC raised its holdings in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $30,000. Finally, Montag A & Associates Inc. acquired a new stake in Restaurant Brands International in the 4th quarter valued at $30,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.