Robert W. Baird Increases Restaurant Brands International (NYSE:QSR) Price Target to $82.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by Robert W. Baird from $76.00 to $82.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus raised their price objective on Restaurant Brands International from $72.00 to $80.00 and gave the company a hold rating in a report on Thursday, January 4th. BMO Capital Markets boosted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. Citigroup cut their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. TD Securities decreased their target price on shares of Restaurant Brands International from $90.00 to $84.00 and set a buy rating on the stock in a research report on Friday, April 12th. Finally, Stephens restated an equal weight rating and set a $75.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of Moderate Buy and an average price target of $83.56.

Restaurant Brands International Trading Up 2.2 %

Shares of Restaurant Brands International stock opened at $75.87 on Wednesday. The company has a 50 day simple moving average of $76.57 and a two-hundred day simple moving average of $74.51. The firm has a market cap of $24.00 billion, a PE ratio of 19.55, a PEG ratio of 2.18 and a beta of 0.92. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company 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 firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Analysts expect 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 given 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 is presently 59.79%.

Insider Buying and Selling

In other news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’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 completion of the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last ninety days. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Restaurant Brands International by 49.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock valued at $14,127,000 after purchasing an additional 59,627 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at approximately $3,703,000. Allspring Global Investments Holdings LLC increased its position in shares of Restaurant Brands International by 248,359.5% during 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 acquiring an additional 91,893 shares in the last quarter. Wellington Management Group LLP purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $5,619,000. Finally, Vanguard Group Inc. lifted its position in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after acquiring an additional 203,594 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.