Restaurant Brands International (NYSE:QSR) Price Target Increased to $88.00 by Analysts at TD Securities

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lifted by TD Securities from $84.00 to $88.00 in a report published on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on QSR. Evercore raised their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Citigroup lowered their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. Oppenheimer raised their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Truist Financial boosted their price objective on shares of Restaurant Brands International from $87.00 to $90.00 and gave the company a buy rating in a research report on Wednesday. Finally, Evercore ISI raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Trading Up 2.2 %

Shares of QSR opened at $75.87 on Wednesday. The company’s fifty day simple moving average is $76.57 and its 200-day simple moving average is $74.51. The company has a market cap of $24.00 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.18 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, analysts expect that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International during the first quarter worth about $25,000. Pacifica Partners Inc. lifted its position in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC boosted its holdings in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in Restaurant Brands International during the 4th quarter worth about $30,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $30,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.