Restaurant Brands International (NYSE:QSR) Price Target Raised to $73.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target upped by Scotiabank from $71.00 to $73.00 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the restaurant operator’s stock.

A number of other analysts have also commented on QSR. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 8th. Melius started coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They issued a “buy” rating and a $90.00 price target for the company. Citigroup reduced their price target on shares of Restaurant Brands International from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.13.

Restaurant Brands International Price Performance

QSR stock opened at $66.83 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. Restaurant Brands International has a one year low of $58.71 and a one year high of $74.09. The firm has a market capitalization of $21.91 billion, a PE ratio of 25.31, a P/E/G ratio of 2.87 and a beta of 0.65. The firm has a 50-day moving average of $64.70 and a two-hundred day moving average of $66.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the company posted $0.86 earnings per share. Restaurant Brands International’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were paid a $0.62 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. HM Payson & Co. bought a new position in Restaurant Brands International in the first quarter worth $26,000. Legend Financial Advisors Inc. bought a new position in Restaurant Brands International in the second quarter worth $33,000. CX Institutional lifted its position in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares during the period. Private Trust Co. NA lifted its position in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 255 shares during the period. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Restaurant Brands International in the second quarter worth $35,000. 82.29% of the stock is owned by 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.