Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $83.21

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $83.21.

Several analysts recently weighed in on QSR shares. Piper Sandler cut their price target on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Genuity Capital Markets lowered their price objective on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. The Goldman Sachs Group initiated coverage on Restaurant Brands International in a research report on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective for the company. Citigroup raised their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Truist Financial raised their price objective on Restaurant Brands International from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st.

Restaurant Brands International Stock Up 0.5 %

Shares of Restaurant Brands International stock opened at $69.25 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 2.10 and a beta of 0.92. The company’s 50 day moving average price is $70.82 and its 200-day moving average price is $74.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating 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 17.17% and a return on equity of 31.12%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities research analysts forecast that Restaurant Brands International will post 3.37 EPS for the current 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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Insider Transactions at Restaurant Brands International

In related news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in Restaurant Brands International by 1.1% in the 1st quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after acquiring an additional 466,929 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Restaurant Brands International by 19.8% in the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after purchasing an additional 3,971,774 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after purchasing an additional 141,468 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Restaurant Brands International by 6.2% in the 1st quarter. 1832 Asset Management L.P. now owns 4,958,748 shares of the restaurant operator’s stock worth $393,973,000 after purchasing an additional 290,604 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Restaurant Brands International by 41.0% in the 1st quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after purchasing an additional 1,409,552 shares during the period. 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.