Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Citigroup from $81.00 to $78.00 in a report issued on Tuesday, MarketBeat Ratings reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms have also issued reports on QSR. BMO Capital Markets lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Scotiabank dropped their price objective on shares of Restaurant Brands International from $81.00 to $80.00 and set an outperform rating on the stock in a research note on Wednesday, February 14th. CIBC dropped their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a research note on Wednesday, January 17th. Stifel Nicolaus lifted their price objective on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a hold rating in a research note on Thursday, January 4th. Finally, Piper Sandler dropped their price objective on shares of Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a research note on Wednesday, February 14th. One equities 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 company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $82.25.

Restaurant Brands International Trading Up 0.1 %

NYSE QSR opened at $71.42 on Tuesday. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company’s 50 day moving average price is $77.01 and its 200 day moving average price is $73.86. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.13 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. On average, sell-side analysts predict that Restaurant Brands International will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.58 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 annualized dividend and a yield of 3.25%. Restaurant Brands International’s payout ratio is presently 61.54%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 46,701 shares of the business’s 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 completion of the sale, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Matthew Dunnigan sold 46,701 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 36,371 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 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 approximately $35,975,349.96. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 over the last 90 days. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of the company. Marshall Financial Group LLC grew its position in shares of Restaurant Brands International by 4.7% during the first quarter. Marshall Financial Group LLC now owns 23,933 shares of the restaurant operator’s stock worth $1,901,000 after acquiring an additional 1,081 shares during the last quarter. Norden Group LLC bought a new position in shares of Restaurant Brands International during the first quarter worth about $875,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International during the first quarter worth about $59,000. Allspring Global Investments Holdings LLC grew its position in shares of Restaurant Brands International by 4.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 95,663 shares of the restaurant operator’s stock worth $7,600,000 after acquiring an additional 3,733 shares during the last quarter. Finally, BKM Wealth Management LLC grew its position in Restaurant Brands International by 23.4% in the 1st quarter. BKM Wealth Management LLC now owns 5,740 shares of the restaurant operator’s stock valued at $456,000 after buying an additional 1,089 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

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.