Restaurant Brands International (NYSE:QSR) Earns “Buy” Rating from TD Cowen

TD Cowen reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report issued on Tuesday, Benzinga reports. TD Cowen currently has a $84.00 price objective on the restaurant operator’s stock.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $78.00 to $82.00 and gave the stock an overweight rating in a report on Friday, February 16th. TD Securities decreased their price objective on Restaurant Brands International from $90.00 to $84.00 and set a buy rating on the stock in a report on Friday, April 12th. Evercore ISI lifted their target price on Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Finally, Citigroup decreased their price target on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating on the stock in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $83.56.

Restaurant Brands International Stock Performance

QSR opened at $75.87 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The business has a 50 day moving average of $76.57 and a 200-day moving average of $74.51. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.18 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, equities research analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Activity

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International 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 transaction, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Restaurant Brands International by 223.3% during the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock worth $379,000 after acquiring an additional 3,934 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Restaurant Brands International by 4.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock valued at $1,903,000 after purchasing an additional 1,338 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Restaurant Brands International by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock worth $1,036,000 after purchasing an additional 693 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Restaurant Brands International by 16.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 878 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Restaurant Brands International by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator’s stock worth $127,816,000 after buying an additional 138,215 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.