Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received an average recommendation of “Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $67.60.

QSR has been the topic of a number of research analyst reports. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, August 29th. Credit Suisse Group raised Restaurant Brands International from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $74.00 in a research note on Thursday, September 7th. BMO Capital Markets upped their price objective on Restaurant Brands International from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. UBS AG set a $68.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $69.00 price objective on shares of Restaurant Brands International in a research report on Monday, September 11th.

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Restaurant Brands International (NYSE:QSR) traded down 0.08% during midday trading on Wednesday, hitting $63.99. The company had a trading volume of 714,874 shares. The firm has a market capitalization of $15.12 billion, a P/E ratio of 44.78 and a beta of 1.77. Restaurant Brands International has a 52 week low of $42.35 and a 52 week high of $65.92. The firm’s 50 day moving average is $62.58 and its 200-day moving average is $60.03.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that Restaurant Brands International will post $1.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 1.25%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s payout ratio is presently 55.56%.

Restaurant Brands International declared that its board has initiated a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $61.32 per share, with a total value of $306,600.00. Following the completion of the purchase, the director now owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jose E. Cil sold 60,832 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total value of $3,893,856.32. Following the transaction, the executive vice president now directly owns 73,618 shares in the company, valued at $4,712,288.18. The disclosure for this sale can be found here. Corporate insiders own 3.05% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Westpac Banking Corp lifted 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 acquiring an additional 1,763 shares during the period. BNP Paribas Arbitrage SA boosted its holdings 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 valued at $135,000 after acquiring an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $179,000 after acquiring an additional 306 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Restaurant Brands International by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 261 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in Restaurant Brands International in the second quarter valued at $211,000. Institutional investors own 76.64% of the company’s stock.

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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