Restaurant Brands International (NYSE:QSR) Research Coverage Started at Mizuho

Mizuho started coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $85.00 price objective on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on QSR. Argus restated a “hold” rating on shares of Restaurant Brands International in a research report on Friday, September 25th. Evercore reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. JPMorgan Chase & Co. dropped their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average price target of $83.52.

Restaurant Brands International Stock Up 3.1%

QSR opened at $76.45 on Tuesday. Restaurant Brands International has a 12 month low of $64.52 and a 12 month high of $81.96. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The business’s 50-day moving average price is $75.11 and its 200-day moving average price is $75.27. The company has a market cap of $26.66 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.00 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. Restaurant Brands International’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. On average, equities analysts expect that Restaurant Brands International will post 4.19 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 18th. Restaurant Brands International’s payout ratio is presently 69.89%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider owned 209,908 shares in the company, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. raised its holdings in Restaurant Brands International by 16.2% in the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after purchasing an additional 2,703,134 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after buying an additional 2,910,454 shares in the last quarter. Canoe Financial LP boosted its holdings in shares of Restaurant Brands International by 34.5% during the 1st quarter. Canoe Financial LP now owns 3,348,043 shares of the restaurant operator’s stock valued at $247,664,000 after buying an additional 858,490 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Restaurant Brands International by 4.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator’s stock worth $180,116,000 after buying an additional 109,723 shares during the period. Finally, London Co. of Virginia purchased a new stake in shares of Restaurant Brands International in the 1st quarter worth about $147,967,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.