Barclays Raises Restaurant Brands International (NYSE:QSR) Price Target to $89.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by Barclays from $87.00 to $89.00 in a report published on Wednesday, BayStreet.CA reports. They currently have an overweight rating on the restaurant operator’s stock.

QSR has been the topic of a number of other reports. Truist Financial raised their price objective on Restaurant Brands International from $87.00 to $90.00 and gave the company a buy rating in a research note on Wednesday. Citigroup decreased their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a report on Tuesday, April 16th. KeyCorp lifted their price objective on Restaurant Brands International from $82.00 to $85.00 and gave the stock an overweight rating in a research note on Wednesday. Stephens restated an equal weight rating and set a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Finally, TD Securities lifted their price target on Restaurant Brands International from $84.00 to $88.00 and gave the stock a buy rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $83.56.

Restaurant Brands International Price Performance

Shares of QSR opened at $75.83 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08. The firm has a market cap of $23.99 billion, a PE ratio of 19.54, a PEG ratio of 2.30 and a beta of 0.92. The firm’s 50 day moving average price is $76.56 and its 200 day moving average price is $74.59. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.75 EPS. Restaurant Brands International’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.06%. Restaurant Brands International’s payout ratio is 59.79%.

Insider Transactions at Restaurant Brands International

In other news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 in the last quarter. 1.25% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently bought and sold shares of QSR. Mather Group LLC. acquired a new position in shares of Restaurant Brands International during the first quarter worth about $25,000. Pacifica Partners Inc. boosted its position in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 245 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 174 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Oakworth Capital Inc. acquired a new position in Restaurant Brands International during the fourth quarter worth $30,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.