Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $82.27.

Several research analysts recently weighed in on QSR shares. Oppenheimer dropped their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Stifel Nicolaus dropped their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, November 14th. Citigroup lifted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Guggenheim increased their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In related news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares in the company, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Plato Investment Management Ltd purchased a new position in Restaurant Brands International during the third quarter valued at approximately $61,000. Blue Trust Inc. raised its stake in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after buying an additional 768 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 704 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 265 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

QSR opened at $64.94 on Friday. The company has a 50 day simple moving average of $68.29 and a two-hundred day simple moving average of $69.68. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $21.03 billion, a P/E ratio of 16.28, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a 1-year low of $64.55 and a 1-year high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.57%. Restaurant Brands International’s payout ratio is 58.15%.

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.