UBS Group reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note published on Friday, Briefing.com Automated Import reports. The firm currently has a $79.00 price target on the restaurant operator’s stock, up from their prior price target of $74.00.
QSR has been the subject of several other reports. Jefferies Financial Group set a €28.00 ($32.56) price target on Hamburger Hafen und Logistik and gave the stock a buy rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Hammerson from a hold rating to a sell rating in a research report on Friday, May 24th. ValuEngine lowered Acceleron Pharma from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. Credit Suisse Group started coverage on Arco Platform in a research report on Tuesday, June 25th. They set a neutral rating for the company. Finally, Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They set an outperform rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $70.77.
Shares of Restaurant Brands International stock opened at $72.19 on Friday. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.26. Restaurant Brands International has a fifty-two week low of $50.20 and a fifty-two week high of $73.08. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47. The stock has a 50 day simple moving average of $68.68.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.04). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities research analysts predict that Restaurant Brands International will post 2.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, June 14th. Restaurant Brands International’s payout ratio is currently 76.05%.
In other Restaurant Brands International news, CEO Jose E. Cil sold 127,557 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total value of $8,709,591.96. Following the sale, the chief executive officer now directly owns 558,889 shares in the company, valued at $38,160,940.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel S. Schwartz sold 1,041,882 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $67.88, for a total value of $70,722,950.16. Following the completion of the sale, the insider now owns 461,637 shares in the company, valued at $31,335,919.56. The disclosure for this sale can be found here. 4.13% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in shares of Restaurant Brands International by 327.2% during the first quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 602 shares during the last quarter. Howe & Rusling Inc. grew its holdings in shares of Restaurant Brands International by 357.4% during the first quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 772 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Restaurant Brands International during the first quarter worth about $112,000. Daiwa Securities Group Inc. grew its holdings in shares of Restaurant Brands International by 41.2% during the first quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 700 shares during the last quarter. Finally, Gruss & Co. Inc. purchased a new position in shares of Restaurant Brands International during the first quarter worth about $202,000. Institutional investors own 79.36% of the company’s stock.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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