Restaurant Brands International Inc (QSR) Receives Average Recommendation of “Buy” from Brokerages
Shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) have received an average recommendation of “Buy” from the eighteen research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.00.
Several brokerages have recently commented on QSR. Citigroup increased their price objective on Restaurant Brands International from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. ValuEngine downgraded Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. UBS Group set a $74.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a research note on Thursday, September 20th. Robert W. Baird began coverage on Restaurant Brands International in a research note on Friday, September 21st. They issued an “outperform” rating for the company. Finally, KeyCorp began coverage on Restaurant Brands International in a research note on Wednesday, October 3rd. They issued an “overweight” rating and a $68.00 price objective for the company.
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Restaurant Brands International by 3.2% in the third quarter. Vanguard Group Inc. now owns 5,940,528 shares of the restaurant operator’s stock worth $352,154,000 after buying an additional 184,714 shares during the last quarter. Morgan Stanley increased its position in Restaurant Brands International by 20.5% in the third quarter. Morgan Stanley now owns 1,255,679 shares of the restaurant operator’s stock worth $74,437,000 after buying an additional 213,723 shares during the last quarter. Standard Life Aberdeen plc increased its position in Restaurant Brands International by 188.2% in the third quarter. Standard Life Aberdeen plc now owns 3,493,597 shares of the restaurant operator’s stock worth $207,082,000 after buying an additional 2,281,400 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new stake in Restaurant Brands International in the third quarter worth $348,000. Finally, Nordea Investment Management AB purchased a new stake in Restaurant Brands International in the third quarter worth $703,000. 80.81% of the stock is owned by institutional investors.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Restaurant Brands International will post 2.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Monday, December 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, December 14th. Restaurant Brands International’s payout ratio is 85.71%.
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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