Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Price Target at $78.95

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $78.9524.

A number of brokerages recently commented on QSR. BMO Capital Markets decreased their price target on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Wells Fargo & Company upped their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Citigroup decreased their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research report on Friday, February 13th. Finally, Guggenheim upped their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 27th.

Restaurant Brands International Trading Up 1.0%

Shares of NYSE:QSR opened at $74.06 on Friday. The business’s 50 day simple moving average is $68.88 and its 200 day simple moving average is $67.81. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $74.42. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $25.66 billion, a P/E ratio of 31.38, a P/E/G ratio of 2.10 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. On average, research analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 105.08%.

Insider Activity

In other news, CFO Sami A. Siddiqui sold 12,828 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $866,018.28. Following the completion of the transaction, the chief financial officer owned 31,923 shares of the company’s stock, valued at approximately $2,155,121.73. The trade was a 28.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Perdue sold 3,882 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $262,073.82. Following the sale, the insider owned 42,906 shares of the company’s stock, valued at approximately $2,896,584.06. This represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 186,401 shares of company stock valued at $12,857,069. Corporate insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. D.A. Davidson & CO. boosted its stake in shares of Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 154 shares in the last quarter. Capital Analysts LLC increased its position in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 158 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Restaurant Brands International by 2.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock worth $548,000 after purchasing an additional 161 shares in the last quarter. Applied Finance Capital Management LLC lifted its stake in Restaurant Brands International by 1.9% in the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock valued at $644,000 after purchasing an additional 179 shares during the last quarter. Finally, MAI Capital Management lifted its stake in Restaurant Brands International by 4.1% in the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.