Scotiabank Boosts Restaurant Brands International (NYSE:QSR) Price Target to $81.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target upped by Scotiabank from $80.00 to $81.00 in a report released on Monday morning, Marketbeat.com reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on QSR. Stifel Nicolaus increased their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a research report on Thursday, January 4th. Evercore ISI lifted their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company an outperform rating in a report on Wednesday, February 28th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a research report on Wednesday, February 14th. TD Securities lowered their price objective on shares of Restaurant Brands International from $90.00 to $84.00 and set a buy rating for the company in a research report on Friday, April 12th. Finally, Truist Financial dropped their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a buy rating for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $83.39.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $73.21 on Monday. 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 business’s fifty day moving average price is $76.59 and its two-hundred day moving average price is $74.51. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. Restaurant Brands International’s dividend payout ratio is 61.54%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the transaction, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 161,353 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 in the last quarter. Corporate insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of Restaurant Brands International during the first quarter worth about $25,000. Pacifica Partners Inc. grew its stake in shares of Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 245 shares in the last quarter. Rise Advisors LLC raised its holdings in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Institutional investors and hedge funds 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.