Restaurant Brands International (NYSE:QSR) Price Target Raised to $80.00 at TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective boosted by TD Cowen from $79.00 to $80.00 in a research note published on Thursday morning, Marketbeat reports. They currently have a hold rating on the restaurant operator’s stock.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada decreased their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup decreased their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Scotia lifted their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

Restaurant Brands International Stock Up 0.6%

QSR opened at $74.86 on Thursday. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96. The business has a 50-day moving average of $74.89 and a two-hundred day moving average of $72.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.93 and a beta of 0.50.

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

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were paid 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 of this dividend was Tuesday, June 23rd. Restaurant Brands International’s payout ratio is presently 91.55%.

Institutional Trading of Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. Capital World Investors raised its stake in shares of Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after buying an additional 2,703,134 shares in the last quarter. Vanguard Group Inc. grew its position in Restaurant Brands International by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after buying an additional 344,066 shares in the last quarter. Morgan Stanley increased its stake in Restaurant Brands International by 24.2% during the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after buying an additional 1,641,870 shares during the period. Finally, Baupost Group LLC MA increased its stake in 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 valued at $529,337,000 after buying an additional 4,203,300 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.