Restaurant Brands International (NYSE:QSR) Price Target Raised to $80.00

Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) had its target price upped by Guggenheim from $79.00 to $80.00 in a report issued on Friday,Benzinga reports. Guggenheim currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also recently commented on the company. Barclays reduced their target price on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, February 13th. BMO Capital Markets reduced their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a report on Friday, February 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.20.

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Restaurant Brands International Stock Performance

QSR opened at $71.73 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a market cap of $24.85 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.18 and a beta of 0.56. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $73.70. The firm’s fifty day simple moving average is $68.59 and its two-hundred day simple moving average is $67.55.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. Equities analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is 105.08%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 25,472 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.91, for a total value of $1,806,219.52. Following the transaction, the chief executive officer directly owned 961,282 shares in the company, valued at approximately $68,164,506.62. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 11,525 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $778,052.75. Following the completion of the transaction, the insider owned 476,126 shares of the company’s stock, valued at $32,143,266.26. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 186,401 shares of company stock valued at $12,857,069 over the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently modified their holdings of the business. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth about $237,000. Envestnet Asset Management Inc. boosted its stake in Restaurant Brands International by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock worth $32,213,000 after buying an additional 30,741 shares during the period. Arkadios Wealth Advisors increased its position in shares of Restaurant Brands International by 12.1% during the second quarter. Arkadios Wealth Advisors now owns 34,135 shares of the restaurant operator’s stock valued at $2,263,000 after acquiring an additional 3,674 shares during the last quarter. Assetmark Inc. increased its position in shares of Restaurant Brands International by 3.7% during the second quarter. Assetmark Inc. now owns 29,470 shares of the restaurant operator’s stock valued at $1,954,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Atria Investments Inc raised its stake in shares of Restaurant Brands International by 12.1% in the 2nd quarter. Atria Investments Inc now owns 5,250 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 565 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International News Roundup

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

Restaurant Brands International Company Profile

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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.

Further Reading

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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