Restaurant Brands International (NYSE:QSR) Price Target Raised to $65.00 at Cowen

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) had its price objective raised by Cowen from $62.00 to $65.00 in a research report report published on Friday, Stock Target Advisor reports. The firm currently has a market perform rating on the restaurant operator’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $56.00 to $52.00 and set an underweight rating on the stock in a research report on Monday, July 18th. Barclays dropped their price objective on shares of Restaurant Brands International from $68.00 to $61.00 and set an overweight rating on the stock in a research report on Thursday, June 9th. Stifel Nicolaus lowered shares of Restaurant Brands International from a buy rating to a hold rating and dropped their price objective for the company from $68.00 to $58.00 in a research report on Wednesday, May 4th. Piper Sandler dropped their price objective on shares of Restaurant Brands International from $60.00 to $52.00 and set a neutral rating on the stock in a research report on Monday, July 11th. Finally, Citigroup lowered their price target on shares of Restaurant Brands International from $64.00 to $58.00 in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of Hold and a consensus target price of $65.95.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $59.59 on Friday. The stock has a market cap of $18.24 billion, a P/E ratio of 22.74, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.92 and a quick ratio of 0.86. The company has a fifty day moving average price of $51.50 and a two-hundred day moving average price of $54.52. Restaurant Brands International has a one year low of $46.68 and a one year high of $65.64.

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 4th. The restaurant operator reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Restaurant Brands International had a net margin of 13.36% and a return on equity of 34.25%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. As a group, equities analysts predict that Restaurant Brands International will post 2.92 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.16 annualized dividend and a yield of 3.62%. Restaurant Brands International’s dividend payout ratio is presently 82.44%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in QSR. City State Bank bought a new position in Restaurant Brands International during the 4th quarter worth approximately $30,000. Prospera Financial Services Inc bought a new position in Restaurant Brands International during the 1st quarter worth approximately $31,000. Hazlett Burt & Watson Inc. bought a new position in Restaurant Brands International during the 1st quarter worth approximately $32,000. UMB Bank N A MO bought a new position in Restaurant Brands International during the 4th quarter worth approximately $37,000. Finally, Venture Visionary Partners LLC bought a new position in Restaurant Brands International during the 2nd quarter worth approximately $43,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

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