Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its target price boosted by Scotiabank from $63.00 to $65.00 in a report issued on Thursday. They currently have an outperform rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Restaurant Brands International from a strong-buy rating to a hold rating in a research note on Friday, May 19th. Cowen and Company boosted their price target on shares of Restaurant Brands International from $52.00 to $54.00 and gave the stock a market perform rating in a research note on Friday, April 28th. CIBC raised shares of Restaurant Brands International from a market perform rating to an outperform rating and set a $70.00 price target for the company in a research note on Wednesday, June 14th. Citigroup Inc. boosted their price target on shares of Restaurant Brands International from $59.00 to $65.00 and gave the stock a buy rating in a research note on Tuesday, April 11th. Finally, Piper Jaffray Companies reissued an overweight rating and set a $66.00 price target on shares of Restaurant Brands International in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. Restaurant Brands International has a consensus rating of Buy and a consensus price target of $63.63.

Restaurant Brands International (NYSE QSR) opened at 62.11 on Thursday. Restaurant Brands International has a 52-week low of $42.35 and a 52-week high of $62.94. The firm has a 50-day moving average of $61.24 and a 200 day moving average of $56.95. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 43.46 and a beta of 1.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. Restaurant Brands International’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Restaurant Brands International will post $1.89 earnings per share for the current year.

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Restaurant Brands International announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the restaurant operator to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, September 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.19. Restaurant Brands International’s dividend payout ratio is presently 52.78%.

In other news, EVP Jose E. Cil sold 1,760 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $59.75, for a total transaction of $105,160.00. Following the completion of the sale, the executive vice president now owns 22,855 shares of the company’s stock, valued at $1,365,586.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Hedayat acquired 5,000 shares of the stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. Insiders have sold 250,000 shares of company stock valued at $14,849,219 in the last three months. 4.20% of the stock is owned by insiders.

Several large investors have recently modified their holdings of QSR. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares in the last quarter. Westpac Banking Corp increased its stake in shares of Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,763 shares in the last quarter. Creative Planning increased its stake in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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