Restaurant Brands International Inc. (NYSE:QSR) Given Consensus Rating of “Moderate Buy” by Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $79.1905.

Several brokerages recently weighed in on QSR. Morgan Stanley lifted their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Guggenheim raised their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada lifted their price target on Restaurant Brands International from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. reduced their price objective on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Finally, Citigroup decreased their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sami A. Siddiqui sold 40,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the sale, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at $2,664,924.66. The trade was a 52.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 455,191 shares of company stock valued at $33,299,206. 1.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Purpose Unlimited Inc. bought a new stake in Restaurant Brands International during the fourth quarter worth approximately $7,329,000. Rockefeller Capital Management L.P. boosted its stake in Restaurant Brands International by 26.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 325,904 shares of the restaurant operator’s stock valued at $22,237,000 after purchasing an additional 69,030 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Restaurant Brands International by 93.6% during the 4th quarter. Corient Private Wealth LLC now owns 26,792 shares of the restaurant operator’s stock valued at $1,828,000 after purchasing an additional 12,951 shares during the period. Platinum Paramount Investment LTD. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at $281,033,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of 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 worth $240,000 after buying an additional 2,479 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $73.80 on Tuesday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a market capitalization of $25.62 billion, a PE ratio of 31.27, a P/E/G ratio of 2.03 and a beta of 0.56. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $75.67. The business’s fifty day moving average price is $70.44 and its two-hundred day moving average price is $69.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, research analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is a boost 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 yield of 3.5%. Restaurant Brands International’s payout ratio is presently 110.17%.

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.