Restaurant Brands International (NYSE:QSR) Stock Gets Price Target Cut from TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by TD Cowen from $80.00 to $78.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other research firms have also commented on QSR. Piper Sandler reduced their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada set a $85.00 price target on Restaurant Brands International and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Guggenheim increased their target price on Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Scotiabank dropped their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold 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 $83.62.

Restaurant Brands International Stock Up 0.4%

QSR opened at $70.94 on Wednesday. The company’s 50-day moving average is $75.14 and its 200 day moving average is $75.29. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. Restaurant Brands International has a fifty-two week low of $64.52 and a fifty-two week high of $81.96. The firm has a market capitalization of $24.74 billion, a P/E ratio of 19.07, a PEG ratio of 1.92 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. Research analysts expect that Restaurant Brands International will post 4.16 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of QSR. GAMMA Investing LLC raised its position in Restaurant Brands International by 41.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,958 shares of the restaurant operator’s stock valued at $281,000 after purchasing an additional 1,165 shares in the last quarter. Dorato Capital Management grew its position in shares of Restaurant Brands International by 11.0% in the 3rd quarter. Dorato Capital Management now owns 14,919 shares of the restaurant operator’s stock worth $1,036,000 after buying an additional 1,483 shares during the last quarter. CX Institutional grew its holdings in Restaurant Brands International by 313.1% in the third quarter. CX Institutional now owns 946 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 717 shares during the last quarter. Andra AP fonden increased its position in Restaurant Brands International by 5,141.7% during the 2nd quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock valued at $4,561,000 after buying an additional 61,700 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of Restaurant Brands International by 150.7% during the second quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock valued at $2,641,000 after acquiring an additional 21,897 shares in the last quarter. 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 that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.