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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given a consensus recommendation of “Moderate Buy” by the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $83.3333.

QSR has been the topic of several research reports. Royal Bank Of Canada cut their target price on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday. Scotia raised their price target on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective 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. Barclays boosted their price objective on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, KeyCorp increased their target price on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th.

Restaurant Brands International Stock Performance

QSR opened at $74.40 on Thursday. The company has a market capitalization of $26.04 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.92 and a beta of 0.50. The business’s 50-day moving average price is $74.95 and its two-hundred day moving average price is $72.82. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

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

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is 91.55%.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of the stock. Baupost Group LLC MA increased its position in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. bought a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $281,033,000. Norges Bank acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $260,709,000. Capital World Investors boosted its holdings in shares of Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after buying an additional 2,966,048 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.