Restaurant Brands International (NYSE:QSR) Price Target Raised to $76.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by TD Cowen from $72.00 to $76.00 in a report released on Tuesday, MarketBeat.com reports. They currently have a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on QSR. Guggenheim lifted their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Barclays lowered their price target on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Truist Financial lifted their price target on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Morgan Stanley upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.59.

Restaurant Brands International Stock Performance

NYSE QSR opened at $77.61 on Tuesday. The company’s 50 day simple moving average is $72.78 and its two-hundred day simple moving average is $70.10. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $79.53. The stock has a market capitalization of $26.94 billion, a PE ratio of 32.89, a P/E/G ratio of 2.24 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, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. Analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio (DPR) is 110.17%.

Insider Activity

In related news, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the sale, the insider owned 478,845 shares in the company, valued at $35,956,471.05. The trade was a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joshua Kobza sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the sale, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. This represents a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 441,490 shares of company stock valued at $32,375,140. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QSR. Baupost Group LLC MA grew its stake in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $281,033,000. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $260,709,000. Capital World Investors boosted its holdings in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares during the period. Finally, State Street Corp boosted its holdings in Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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.