TD Securities Raises Restaurant Brands International (NYSE:QSR) Price Target to $88.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by TD Securities from $84.00 to $88.00 in a research note released on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the restaurant operator’s stock.

Several other research analysts also recently weighed in on QSR. Robert W. Baird increased their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a research note on Wednesday. Truist Financial lifted their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a buy rating in a research note on Wednesday. Scotiabank upped their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an outperform rating in a research note on Monday, April 29th. Citigroup reduced their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. Finally, Oppenheimer increased their target price on Restaurant Brands International from $83.00 to $89.00 and gave the stock an outperform rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $83.56.

Restaurant Brands International Trading Up 2.2 %

NYSE:QSR opened at $75.87 on Wednesday. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The firm has a 50-day moving average price of $76.57 and a two-hundred day moving average price of $74.51. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.75 earnings per share. Restaurant Brands International’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the stock in a transaction dated 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 sale, 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 380,200 shares of company stock worth $28,828,182 over the last ninety days. Insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new position in shares of Restaurant Brands International in the first quarter worth $94,000. Chase Investment Counsel Corp increased its position in shares of Restaurant Brands International by 5.2% in the first quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock valued at $400,000 after acquiring an additional 247 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Restaurant Brands International by 2.3% during the first quarter. Moloney Securities Asset Management LLC now owns 19,118 shares of the restaurant operator’s stock valued at $1,519,000 after acquiring an additional 435 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in shares of Restaurant Brands International by 2.6% during the first quarter. Greenwood Capital Associates LLC now owns 16,488 shares of the restaurant operator’s stock worth $1,310,000 after purchasing an additional 421 shares during the period. Finally, Capstone Investment Advisors LLC grew its stake in shares of 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 worth $1,381,000 after purchasing an additional 10,908 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

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.