Restaurant Brands International Inc. (NYSE:QSR) Earns Buy Rating from Analysts at Nomura

Nomura initiated coverage on shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in a report issued on Wednesday. The brokerage issued a buy rating and a $73.00 target price on the restaurant operator’s stock.

Several other research analysts have also weighed in on QSR. Royal Bank Of Canada reissued a buy rating and set a $63.00 price objective on shares of Restaurant Brands International in a report on Monday, April 10th. OTR Global reissued a positive rating on shares of Restaurant Brands International in a report on Tuesday, April 11th. Citigroup Inc. raised their price objective on shares of Restaurant Brands International from $59.00 to $65.00 and gave the stock a buy rating in a report on Tuesday, April 11th. UBS AG raised their price objective on shares of Restaurant Brands International from $60.00 to $64.00 and gave the stock a buy rating in a report on Monday, April 24th. Finally, Scotiabank reissued an outperform rating and set a $65.00 price objective on shares of Restaurant Brands International in a report on Tuesday, April 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $60.53.

Shares of Restaurant Brands International (NYSE:QSR) traded down 1.46% during midday trading on Wednesday, reaching $60.64. 931,027 shares of the company were exchanged. The stock’s 50-day moving average price is $60.36 and its 200-day moving average price is $54.85. Restaurant Brands International has a 52-week low of $41.43 and a 52-week high of $62.94. The company has a market capitalization of $14.29 billion, a PE ratio of 42.02 and a beta of 1.81.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $989.16 million. Restaurant Brands International had a net margin of 12.97% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Analysts anticipate that Restaurant Brands International will post $1.84 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Monday, May 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.25%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 52.41%.

In related news, EVP Jose E. Cil sold 105,540 shares of Restaurant Brands International stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $59.86, for a total value of $6,317,624.40. Following the sale, the executive vice president now directly owns 58,644 shares in the company, valued at approximately $3,510,429.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jose E. Cil sold 1,760 shares of Restaurant Brands International stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $59.75, for a total transaction of $105,160.00. Following the completion of the sale, the executive vice president now owns 22,855 shares in the company, valued at $1,365,586.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,000 shares of company stock worth $14,849,219. 4.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of QSR. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares in the last quarter. Westpac Banking Corp increased its stake in shares of Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,763 shares in the last quarter. Creative Planning increased its stake in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares in the last quarter. Finally, CI Global Investments Inc. purchased a new stake in shares of Restaurant Brands International during the first quarter valued at $183,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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