Restaurant Brands International (NYSE:QSR) Price Target Raised to $90.00 at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective boosted by Truist Financial from $87.00 to $90.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the company. Guggenheim raised their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a 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 research report on Friday, February 16th. TD Cowen reissued a buy rating and issued a $84.00 price objective on shares of Restaurant Brands International in a report on Tuesday. Citigroup cut their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating on the stock in a report on Tuesday, April 16th. Finally, Scotiabank increased their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of Moderate Buy and a consensus price target of $83.56.

Restaurant Brands International Price Performance

QSR stock opened at $75.87 on Wednesday. The business has a 50 day moving average price of $76.57 and a 200 day moving average price of $74.51. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. 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 has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data 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. 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 net margin of 17.17% and a return on equity of 31.12%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. Equities research analysts anticipate that Restaurant Brands International will post 3.37 earnings per share 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. Investors of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction 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 sale, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 in the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Restaurant Brands International by 49.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after acquiring an additional 59,627 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $3,703,000. Allspring Global Investments Holdings LLC lifted its holdings in Restaurant Brands International by 248,359.5% in the 4th 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 in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $5,619,000. Finally, Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after purchasing an additional 203,594 shares during the last quarter. 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.