Restaurant Brands International Inc. (NYSE:QSR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $83.0870.

Several equities analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, April 20th. UBS Group raised their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays lifted their target price on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. CL King set a $81.00 target price on Restaurant Brands International in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their price target on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th.

Restaurant Brands International Stock Down 0.4%

Restaurant Brands International stock opened at $74.31 on Thursday. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.99 and a beta of 0.50. The company’s 50 day simple moving average is $74.52 and its 200 day simple moving average is $73.00. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International has a fifty-two week low of $61.33 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts anticipate that Restaurant Brands International will post 4.05 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were given a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is currently 91.55%.

Institutional Trading of Restaurant Brands International

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in shares of Restaurant Brands International in the first quarter valued at approximately $237,000. WINTON GROUP Ltd acquired a new stake in shares of Restaurant Brands International during the second quarter worth $265,000. State Street Corp raised its holdings in shares of Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares during the period. Sei Investments Co. lifted its position in Restaurant Brands International by 188.7% in the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after acquiring an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina acquired a new position in Restaurant Brands International in the 2nd quarter worth $10,019,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

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.