Restaurant Brands International (NYSE:QSR) Price Target Raised to $89.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by Barclays from $87.00 to $89.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have an overweight rating on the restaurant operator’s stock.

QSR has been the subject of several other reports. Evercore upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Robert W. Baird upped their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an outperform rating in a research report on Wednesday, February 14th. Citigroup dropped their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating on the stock in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Stock Performance

Shares of QSR opened at $75.83 on Wednesday. The company’s 50 day simple moving average is $76.56 and its 200-day simple moving average is $74.59. The firm has a market cap of $23.99 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. 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 (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm posted $0.75 EPS. Restaurant Brands International’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s payout ratio is 59.79%.

Insider Activity

In related news, insider David Chan Shear sold 17,556 shares of the firm’s 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 $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Dunnigan sold 46,701 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the sale, the chief financial officer now directly owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock valued at $28,828,182 in the last 90 days. 1.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

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

About Restaurant Brands International

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.