Restaurant Brands International (NYSE:QSR) Price Target Raised to $79.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lifted by TD Cowen from $76.00 to $79.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the restaurant operator’s stock.

Several other research analysts have also commented on the company. Guggenheim raised their price target on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a research report on Friday, February 13th. JPMorgan Chase & Co. raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Oppenheimer raised their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Restaurant Brands International Stock Up 0.7%

Shares of NYSE:QSR opened at $79.71 on Wednesday. The business has a 50-day moving average price of $75.55 and a 200 day moving average price of $71.25. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $27.69 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.22 and a beta of 0.53. Restaurant Brands International has a 12-month low of $61.33 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that Restaurant Brands International will post 4.05 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.3%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 30,000 shares of Restaurant Brands International stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider directly owned 165,727 shares in the company, valued at approximately $12,364,891.47. This trade represents a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. This trade represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,490 shares of company stock valued at $32,375,140 in the last 90 days. Insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intact Investment Management Inc. lifted its holdings in Restaurant Brands International by 10.6% during the 3rd quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock worth $48,722,000 after buying an additional 72,800 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Restaurant Brands International by 23,154.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after buying an additional 39,362 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in Restaurant Brands International during the 3rd quarter worth about $1,214,000. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after buying an additional 1,983,354 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock worth $317,191,000 after buying an additional 724,540 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

More Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Restaurant Brands International beat Q1 expectations, posting $0.86 EPS versus $0.83 expected and revenue of $2.26 billion versus $2.24 billion expected, with revenue up 7.3% year over year. Article Title
• Positive Sentiment: Analysts lifted targets after the earnings beat, including Scotiabank to $83, TD Cowen to $79, Wells Fargo to $80, and Robert W. Baird to $80, which supports the stock’s recent strength. Article Title
• Neutral Sentiment: Scotiabank maintained a “sector perform” rating and other firms kept neutral/equal-weight views, suggesting the rally is being tempered by cautious longer-term expectations. Article Title
• Neutral Sentiment: Restaurant Brands also declared a quarterly dividend of $0.65 per share, reinforcing its income appeal for investors. Article Title

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.