Restaurant Brands International (NYSE:QSR) Given New $90.00 Price Target at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by Truist Financial from $87.00 to $90.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other brokerages also recently commented on QSR. CIBC reduced their target price on shares of Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a research note on Wednesday, January 17th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a research report on Wednesday, February 14th. Evercore ISI raised their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Stephens reissued an equal weight rating and issued a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. Finally, Stifel Nicolaus increased their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International has an average rating of Moderate Buy and a consensus target price of $83.39.

Restaurant Brands International Stock Down 3.5 %

Shares of QSR opened at $73.21 on Wednesday. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91. The company has a 50-day moving average price of $76.59 and a two-hundred day moving average price of $74.51. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.75 EPS. Restaurant Brands International’s revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value 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 $35,975,349.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is currently owned by company insiders.

Institutional Trading of Restaurant Brands International

A number of large investors have recently bought and sold shares of the business. Mather Group LLC. bought a new position in Restaurant Brands International in the first quarter valued at approximately $25,000. Pacifica Partners Inc. lifted its holdings in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth about $30,000. Finally, Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International during the fourth quarter worth about $30,000. 82.29% of the stock is owned by institutional investors.

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.