Restaurant Brands International Inc. (NYSE:QSR) Receives $79.19 Consensus Target Price from Analysts

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has earned an average rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $79.1905.

Several equities analysts recently issued reports on QSR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price target on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Guggenheim raised their price target on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Piper Sandler upgraded Restaurant Brands International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $71.00 to $84.00 in a research report on Monday, March 2nd. Finally, Citigroup reduced their price target on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $77.40 on Tuesday. The business’s 50-day moving average price is $71.23 and its 200-day moving average price is $69.44. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $77.95. The firm has a market capitalization of $26.87 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.81 EPS. Restaurant Brands International’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio is 110.17%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Schwan sold 34,939 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $2,358,731.89. Following the transaction, the insider directly owned 194,984 shares in the company, valued at $13,163,369.84. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Granat sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the sale, the insider owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. This trade represents a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 455,191 shares of company stock worth $33,299,206 over the last quarter. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Lloyd Advisory Services LLC. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $29,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Restaurant Brands International in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.