Restaurant Brands International (NYSE:QSR) Given New $84.00 Price Target at JPMorgan Chase & Co.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by JPMorgan Chase & Co. from $80.00 to $84.00 in a research note published on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the restaurant operator’s stock.

A number of other brokerages have also recently issued reports on QSR. Wells Fargo & Company cut their price objective on Restaurant Brands International from $80.00 to $77.00 and set an overweight rating for the company in a report on Friday, August 9th. TD Cowen restated a buy rating and issued a $82.00 price target on shares of Restaurant Brands International in a research report on Thursday, September 12th. Bank of America increased their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an underperform rating in a report on Wednesday, July 17th. Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a hold rating on the stock in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Restaurant Brands International in a research report on Thursday, June 13th. They issued a buy rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $83.11.

Restaurant Brands International Stock Performance

NYSE QSR opened at $69.92 on Monday. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The stock has a market cap of $22.15 billion, a P/E ratio of 18.02, a PEG ratio of 2.08 and a beta of 0.93. The company’s 50-day simple moving average is $70.28 and its 200 day simple moving average is $72.17.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. As a group, research analysts forecast that Restaurant Brands International will post 3.36 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, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s payout ratio is presently 59.79%.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mather Group LLC. bought a new stake in Restaurant Brands International in the 1st quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International during the first quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Restaurant Brands International in the first quarter valued at $59,000. Parallel Advisors LLC increased its stake in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $79,000. 82.29% of the stock is currently owned by 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.