Restaurant Brands International (NYSE:QSR) PT Raised to $88.00 at TD Securities

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

Other equities research analysts have also recently issued reports about the company. Truist Financial increased their price target on Restaurant Brands International from $87.00 to $90.00 and gave the company a buy rating in a research note on Wednesday. Guggenheim increased their price target on Restaurant Brands International from $70.00 to $74.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating for the company in a research note on Wednesday, January 17th. Piper Sandler reduced their price objective on Restaurant Brands International from $84.00 to $82.00 and set a neutral rating for the company in a research note on Wednesday. Finally, Scotiabank raised their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $83.39.

Restaurant Brands International Trading Down 3.5 %

Shares of NYSE QSR opened at $73.21 on Wednesday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $23.16 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The business has a fifty day moving average price of $76.59 and a 200 day moving average price of $74.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released 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 32.20% and a net margin of 16.95%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a $0.58 dividend. The ex-dividend date is Thursday, June 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.17%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Activity

In other news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 in the company, valued at $16,055,399.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock worth $28,828,182 over the last quarter. 1.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Restaurant Brands International by 49.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after buying an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Restaurant Brands International in the fourth quarter valued at $3,703,000. Allspring Global Investments Holdings LLC raised its position in Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after purchasing an additional 91,893 shares during the period. Wellington Management Group LLP purchased a new stake in Restaurant Brands International in the third quarter valued at $5,619,000. Finally, Vanguard Group Inc. raised its position in Restaurant Brands International by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after purchasing an additional 203,594 shares during the period. Hedge funds and other 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.