Restaurant Brands International Inc. (NYSE:QSR) Stock Has Consensus Target Price of $84.04

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have earned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $84.04.

Several brokerages have recently commented on QSR. CL King set a $80.00 price objective on shares of Restaurant Brands International in a research report on Monday, August 10th. Guggenheim boosted their target price on shares of Restaurant Brands International from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Seaport Research Partners assumed coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They set a “buy” rating and a $88.00 target price on the stock. Morgan Stanley raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Finally, Scotia decreased their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th.

Insider Activity at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the fourth quarter worth $25,000. Larson Financial Group LLC grew its holdings 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 valued at $25,000 after buying an additional 346 shares during the last quarter. Groupe la Francaise bought a new stake in shares of Restaurant Brands International during the second quarter worth about $27,000. Western Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the first quarter worth about $28,000. Finally, CoreCap Advisors LLC raised its holdings in shares of Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 1.1%

Shares of NYSE QSR opened at $70.89 on Tuesday. The company has a market capitalization of $24.73 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Restaurant Brands International has a 52-week low of $64.10 and a 52-week high of $81.96. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The company’s 50 day moving average price is $75.89 and its 200-day moving average price is $75.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $0.94 earnings per share. Restaurant Brands International’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio is 69.89%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.