Restaurant Brands International Inc. (NYSE:QSR) Receives Average Rating of “Moderate Buy” from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned a consensus rating of “Moderate Buy” from the twenty-six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $83.5417.

A number of brokerages have recently issued reports on QSR. Royal Bank Of Canada upped their price objective on shares of Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Guggenheim upped their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Truist Financial upped their price target on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. upped their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Oppenheimer upped their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.99 on Friday. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. The company has a fifty day moving average of $76.59 and a 200-day moving average of $72.52. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Restaurant Brands International will post 4.07 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Insider Activity at Restaurant Brands International

In related news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the sale, the insider directly owned 162,077 shares in the company, valued at $11,909,417.96. This represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 200,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the sale, the chief executive officer owned 960,769 shares of the company’s stock, valued at $72,105,713.45. This represents a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 350,000 shares of company stock worth $26,198,650 over the last ninety days. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its stake in shares of Restaurant Brands International by 23,154.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after acquiring an additional 39,362 shares in the last quarter. Fiera Capital Corp increased its stake in shares of Restaurant Brands International by 38.2% in the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after acquiring an additional 1,889,359 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Restaurant Brands International by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after acquiring an additional 295,935 shares in the last quarter. UBS Group AG increased its stake in shares of Restaurant Brands International by 37.0% in the 4th quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock worth $96,125,000 after acquiring an additional 380,635 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after acquiring an additional 1,983,354 shares in the last quarter. 82.29% of the stock is currently owned by 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.