Restaurant Brands International (NYSE:QSR) Price Target Raised to $83.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by Royal Bank Of Canada from $80.00 to $83.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other equities research analysts also recently commented on QSR. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Piper Sandler upgraded Restaurant Brands International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $71.00 to $84.00 in a research note on Monday. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a research report on Friday, February 13th. BMO Capital Markets cut their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Citigroup reduced their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.95.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $71.41 on Monday. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.05 and a beta of 0.56. The stock’s 50-day simple moving average is $68.72 and its 200-day simple moving average is $67.67.

Restaurant Brands International (NYSE:QSR) (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 company 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%. Restaurant Brands International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, equities analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International’s payout ratio is 105.08%.

Insider Transactions at Restaurant Brands International

In related news, insider Peter Perdue sold 3,882 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $262,073.82. Following the completion of the sale, the insider owned 42,906 shares of the company’s stock, valued at approximately $2,896,584.06. The trade was a 8.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Granat sold 11,525 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $778,052.75. Following the transaction, the insider owned 476,126 shares of the company’s stock, valued at $32,143,266.26. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 186,401 shares of company stock worth $12,857,069 in the last ninety days. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently bought and sold shares of the company. Platinum Paramount Investment LTD. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $281,033,000. Caitong International Asset Management Co. Ltd raised its stake in Restaurant Brands International by 238.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,520 shares of the restaurant operator’s stock valued at $240,000 after purchasing an additional 2,479 shares during the last quarter. Stone Wealth Partners purchased a new position in Restaurant Brands International in the 4th quarter valued at $349,000. Corient Private Wealth LLC lifted its holdings in Restaurant Brands International by 87.9% in the 4th quarter. Corient Private Wealth LLC now owns 26,011 shares of the restaurant operator’s stock valued at $1,775,000 after purchasing an additional 12,170 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Restaurant Brands International by 29.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,292 shares of the restaurant operator’s stock worth $907,000 after purchasing an additional 3,040 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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.