Restaurant Brands International (NYSE:QSR) Price Target Raised to $77.00 at Guggenheim

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target upped by Guggenheim from $71.00 to $77.00 in a research note released on Friday,Benzinga reports. Guggenheim currently has a buy rating on the restaurant operator’s stock.

Several other brokerages also recently commented on QSR. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Stifel Nicolaus lowered their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Truist Financial lowered their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $63.61 on Friday. The business’s fifty day moving average price is $65.42 and its 200 day moving average price is $67.11. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $77.24. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $20.82 billion, a P/E ratio of 20.00, a PEG ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, research analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.90%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares of the company’s stock, valued at approximately $2,827,095.04. This trade represents a 26.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 278,716 shares of company stock worth $17,740,281. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its stake in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 161 shares in the last quarter. GeoWealth Management LLC increased its stake in Restaurant Brands International by 7.0% during the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 163 shares during the period. Waterfront Wealth Inc. raised its position in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after buying an additional 180 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 186 shares during the period. Finally, Dunhill Financial LLC lifted its stake in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares during the period. 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.