Restaurant Brands International (NYSE:QSR) Rating Reiterated by TD Cowen

TD Cowen restated their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report released on Wednesday morning, Benzinga reports. TD Cowen currently has a $90.00 target price on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets raised their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. Scotiabank cut their price target on Restaurant Brands International from $81.00 to $80.00 and set an outperform rating for the company in a research note on Wednesday, February 14th. Evercore raised their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Stifel Nicolaus raised their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a research note on Thursday, January 4th. Finally, Truist Financial cut their price target on Restaurant Brands International from $89.00 to $87.00 and set a buy rating for the company in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of Moderate Buy and an average price target of $82.30.

Restaurant Brands International Trading Down 2.4 %

Shares of NYSE QSR opened at $72.47 on Wednesday. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The firm has a market capitalization of $22.88 billion, a PE ratio of 19.22, a PEG ratio of 2.24 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The business has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $73.67.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Restaurant Brands International will post 3.39 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.20%. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s payout ratio is currently 61.54%.

Insiders Place Their Bets

In other news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Granat sold 23,322 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the sale, the insider now owns 406,860 shares of the company’s stock, valued at approximately $30,738,273. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 in the last three months. Company insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Bank of New York Mellon Corp boosted its stake in Restaurant Brands International by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock valued at $17,623,000 after buying an additional 2,830 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Restaurant Brands International by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after buying an additional 229 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Restaurant Brands International by 12.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 577 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Restaurant Brands International by 73.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Restaurant Brands International by 99.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock valued at $21,798,000 after buying an additional 185,998 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.