Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $79.19

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $79.1905.

A number of research firms have recently weighed in on QSR. Scotiabank dropped their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Oppenheimer raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Truist Financial lifted their price objective on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 30,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.61, for a total transaction of $2,238,300.00. Following the completion of the sale, the insider directly owned 165,727 shares in the company, valued at $12,364,891.47. This represents a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Axel Schwan sold 34,939 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $2,358,731.89. Following the completion of the sale, the insider directly owned 194,984 shares in the company, valued at approximately $13,163,369.84. This represents a 15.20% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 455,191 shares of company stock worth $33,299,206. 1.25% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the business. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after buying an additional 346 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Restaurant Brands International during the third quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Restaurant Brands International during the fourth quarter worth $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at $35,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Up 2.1%

Shares of Restaurant Brands International stock opened at $76.71 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The firm has a 50-day moving average of $70.85 and a 200-day moving average of $69.18. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $77.18. The stock has a market cap of $26.63 billion, a PE ratio of 32.50, a PEG ratio of 2.13 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm earned $0.81 earnings per share. Restaurant Brands International’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 3.4%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 110.17%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.