Barclays Lowers Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by Barclays from $83.00 to $80.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the company. Oppenheimer reduced their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Wednesday. Argus lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Citigroup reduced their target price on shares of Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $78.81.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $66.38 on Thursday. The stock has a 50-day simple moving average of $64.40 and a 200 day simple moving average of $68.08. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12-month low of $59.67 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. On average, research analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.74%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is presently 58.15%.

Insider Activity

In related news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock worth $7,774,020 over the last quarter. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 161 shares during the last quarter. D.A. Davidson & CO. increased its stake in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 179 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after buying an additional 180 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the last quarter. 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.