Restaurant Brands International Inc. (QSR) Receives $65.43 Consensus PT from Analysts
Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.43.
QSR has been the subject of several recent research reports. UBS AG upped their target price on Restaurant Brands International from $60.00 to $64.00 and gave the company a “buy” rating in a report on Monday, April 24th. Scotiabank reaffirmed an “outperform” rating and set a $65.00 target price on shares of Restaurant Brands International in a report on Tuesday, April 25th. Cowen and Company upped their target price on Restaurant Brands International from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Zacks Investment Research lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 19th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $66.00 target price on shares of Restaurant Brands International in a report on Tuesday, June 6th.
In other news, Director Ali Hedayat bought 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at approximately $1,592,235.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jose E. Cil sold 142,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $59.05, for a total value of $8,426,435.00. Following the completion of the sale, the executive vice president now owns 21,684 shares of the company’s stock, valued at $1,280,440.20. The disclosure for this sale can be found here. Insiders sold 250,000 shares of company stock valued at $14,849,219 over the last 90 days. 4.20% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in QSR. FMR LLC increased its stake in Restaurant Brands International by 10.9% in the second quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock worth $969,362,000 after buying an additional 1,528,447 shares during the period. Principal Financial Group Inc. increased its stake in Restaurant Brands International by 1.0% in the second quarter. Principal Financial Group Inc. now owns 8,445,609 shares of the restaurant operator’s stock worth $528,188,000 after buying an additional 81,256 shares during the period. Vanguard Group Inc. increased its stake in Restaurant Brands International by 5.7% in the second quarter. Vanguard Group Inc. now owns 4,987,402 shares of the restaurant operator’s stock worth $311,912,000 after buying an additional 268,220 shares during the period. Valinor Management L.P. increased its stake in Restaurant Brands International by 7.8% in the first quarter. Valinor Management L.P. now owns 3,752,166 shares of the restaurant operator’s stock worth $209,145,000 after buying an additional 270,071 shares during the period. Finally, CIBC World Markets Inc. increased its stake in Restaurant Brands International by 0.9% in the first quarter. CIBC World Markets Inc. now owns 3,210,095 shares of the restaurant operator’s stock worth $178,931,000 after buying an additional 27,904 shares during the period. Hedge funds and other institutional investors own 75.79% of the company’s stock.
Shares of Restaurant Brands International (NYSE QSR) traded up 1.24% on Tuesday, hitting $60.57. The company’s stock had a trading volume of 1,679,896 shares. The company has a 50 day moving average of $61.00 and a 200 day moving average of $57.84. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $62.94. The firm has a market cap of $14.31 billion, a PE ratio of 42.39 and a beta of 1.77.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Equities analysts forecast that Restaurant Brands International will post $1.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 14th. Restaurant Brands International’s dividend payout ratio is 52.78%.
Restaurant Brands International announced that its board has authorized a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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.
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