Restaurant Brands International Inc (QSR) Receives Average Recommendation of “Buy” from Brokerages
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) has been given an average rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$77.75.
Separately, CSFB upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday.
Restaurant Brands International (TSE QSR) traded up 3.30% during midday trading on Thursday, reaching $76.45. 721,868 shares of the company’s stock were exchanged. The company has a market cap of $18.06 billion and a P/E ratio of 53.50. The company has a 50 day moving average price of $76.31 and a 200 day moving average price of $77.22. Restaurant Brands International has a 12 month low of $57.23 and a 12 month high of $84.19.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.05%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 14th.
In related news, insider José E. Cil sold 589 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of C$58.00, for a total transaction of C$34,162.00. Also, Director Ali Hedayat bought 2,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of C$77.50 per share, with a total value of C$155,000.00. Over the last 90 days, insiders have sold 70,377 shares of company stock valued at $4,216,347.
Restaurant Brands International Company Profile
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.
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