Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given an average recommendation of “Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $65.43.

A number of brokerages recently weighed in on QSR. Piper Jaffray Companies reissued an “overweight” rating and issued a $66.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, June 6th. CIBC raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Wednesday, June 14th. Scotiabank reissued an “outperform” rating and issued a $65.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, April 25th. UBS AG raised their price objective on Restaurant Brands International from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price objective (up from $58.00) on shares of Restaurant Brands International in a research note on Tuesday, June 13th.

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In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of the stock in a transaction on Friday, August 4th. The shares were purchased at an average price of $61.32 per share, with a total value of $306,600.00. Following the acquisition, the director now directly owns 25,966 shares of the company’s stock, valued at approximately $1,592,235.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jose E. Cil sold 105,540 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $59.86, for a total value of $6,317,624.40. Following the completion of the sale, the executive vice president now directly owns 58,644 shares in the company, valued at approximately $3,510,429.84. The disclosure for this sale can be found here. Insiders sold a total of 250,000 shares of company stock worth $14,849,219 in the last ninety days. Insiders own 4.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after buying an additional 327 shares during the period. Westpac Banking Corp raised its stake in Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock worth $108,000 after buying an additional 1,763 shares during the period. Creative Planning raised its stake in Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock worth $117,000 after buying an additional 108 shares during the period. BNP Paribas Arbitrage SA raised its stake in Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after buying an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock worth $179,000 after buying an additional 306 shares during the period. 75.79% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International (QSR) traded down 0.43% during trading on Tuesday, reaching $59.78. The company’s stock had a trading volume of 735,426 shares. The stock’s 50-day moving average is $61.23 and its 200 day moving average is $57.65. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 41.83 and a beta of 1.77. Restaurant Brands International has a 52-week low of $42.35 and a 52-week high of $62.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International will post $1.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio (DPR) is 52.78%.

Restaurant Brands International announced that its board has initiated a share buyback plan on Wednesday, August 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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