Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective trimmed by Wells Fargo & Co from $69.00 to $63.00 in a research note released on Tuesday. The brokerage currently has a market perform rating on the restaurant operator’s stock.

QSR has been the subject of a number of other reports. Bank of America upped their price objective on shares of Restaurant Brands International from $62.00 to $65.00 and gave the stock a neutral rating in a report on Thursday, August 2nd. Scotiabank reiterated a buy rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Thursday, August 2nd. ValuEngine upgraded shares of Restaurant Brands International from a sell rating to a hold rating in a report on Wednesday, July 11th. Citigroup upped their price objective on shares of Restaurant Brands International from $70.00 to $72.00 and gave the stock a buy rating in a report on Monday, August 13th. Finally, Morgan Stanley upped their price objective on shares of Restaurant Brands International from $69.00 to $70.00 and gave the stock an overweight rating in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $70.63.

NYSE QSR opened at $57.98 on Tuesday. Restaurant Brands International has a 1-year low of $53.09 and a 1-year high of $68.89. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.17 and a current ratio of 1.24. The firm has a market capitalization of $14.89 billion, a PE ratio of 27.61, a P/E/G ratio of 1.58 and a beta of 1.40.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Restaurant Brands International’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, sell-side analysts predict that Restaurant Brands International will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, September 6th. Restaurant Brands International’s dividend payout ratio (DPR) is 85.71%.

A number of hedge funds have recently added to or reduced their stakes in QSR. Lenox Wealth Advisors LLC bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $103,000. Daiwa Securities Group Inc. bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $133,000. SG Americas Securities LLC bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $162,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Restaurant Brands International by 56.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after buying an additional 1,337 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in shares of Restaurant Brands International in the first quarter valued at about $236,000. Institutional investors own 79.32% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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