Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) has earned a consensus rating of “Buy” from the twenty-four brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.74.
Several equities analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of Restaurant Brands International from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Deutsche Bank increased their price target on shares of Restaurant Brands International from $57.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, August 10th. They noted that the move was a valuation call. Longbow Research reiterated a “hold” rating on shares of Restaurant Brands International in a research note on Monday, August 3rd. Morgan Stanley increased their price target on shares of Restaurant Brands International from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, KeyCorp increased their price target on shares of Restaurant Brands International from $54.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st.
Shares of NYSE:QSR opened at $58.21 on Friday. The firm’s 50 day moving average price is $55.44 and its 200 day moving average price is $51.75. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26. Restaurant Brands International has a fifty-two week low of $25.08 and a fifty-two week high of $74.61. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 3.54.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Restaurant Brands International had a net margin of 11.82% and a return on equity of 26.85%. The firm’s revenue was down 25.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. On average, equities analysts anticipate that Restaurant Brands International will post 2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, September 17th. Restaurant Brands International’s dividend payout ratio is presently 76.47%.
In other Restaurant Brands International news, Director Carlos Alberto Sicupira sold 29,514 shares of Restaurant Brands International stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $56.02, for a total value of $1,653,374.28. Following the completion of the sale, the director now owns 167,574 shares in the company, valued at approximately $9,387,495.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.69% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pelham Capital Ltd. bought a new position in Restaurant Brands International during the 2nd quarter worth $241,468,000. Maverick Capital Ltd. grew its stake in shares of Restaurant Brands International by 925.7% in the first quarter. Maverick Capital Ltd. now owns 4,612,010 shares of the restaurant operator’s stock worth $184,619,000 after purchasing an additional 4,162,376 shares in the last quarter. Eminence Capital LP bought a new position in shares of Restaurant Brands International in the first quarter worth $131,621,000. Canada Pension Plan Investment Board lifted its holdings in shares of Restaurant Brands International by 7,821.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,584,121 shares of the restaurant operator’s stock valued at $140,191,000 after buying an additional 2,551,500 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Restaurant Brands International by 22.4% in the first quarter. Mackenzie Financial Corp now owns 5,428,801 shares of the restaurant operator’s stock valued at $217,022,000 after buying an additional 992,987 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
Restaurant Brands International Company Profile
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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