Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Price Target at $83.54

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned an average rating of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.5417.

Several brokerages have weighed in on QSR. Scotiabank upped their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Piper Sandler upgraded Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Truist Financial upped their target price on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Morgan Stanley upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, KeyCorp upped their target price on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th.

Restaurant Brands International Price Performance

QSR opened at $73.38 on Friday. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The stock has a market cap of $25.49 billion, a P/E ratio of 25.84, a PEG ratio of 1.90 and a beta of 0.49. The business has a fifty day moving average of $76.35 and a 200 day moving average of $72.62. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Restaurant Brands International will post 4.07 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth $25,000. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth $29,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth $40,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.