Zacks Investment Research upgraded shares of Restaurant Brands International (NYSE:QSR) from a hold rating to a strong-buy rating in a research report report published on Thursday. They currently have $50.00 price target on the stock.

According to Zacks, “Restaurant Brands International Inc. operates as a quick service restaurant company. It is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Burger King is a fast food hamburger chain. Restaurant Brands International Inc. is based in Canada. “

Several other analysts have also recently issued reports on QSR. Credit Suisse Group AG restated a hold rating on shares of Restaurant Brands International in a research note on Friday, August 5th. TheStreet upgraded Restaurant Brands International from a hold rating to a buy rating in a research report on Thursday, August 4th. Morgan Stanley reiterated a hold rating and set a $47.00 price target on shares of Restaurant Brands International in a research report on Friday, August 5th. RBC Capital Markets reiterated an outperform rating and set a $49.00 price target on shares of Restaurant Brands International in a research report on Wednesday, August 3rd. Finally, Royal Bank Of Canada reiterated an outperform rating on shares of Restaurant Brands International in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Restaurant Brands International presently has an average rating of Buy and a consensus price target of $44.91.

Restaurant Brands International (NYSE:QSR) traded up 0.09% during mid-day trading on Thursday, reaching $43.92. The company’s stock had a trading volume of 214,523 shares. The firm has a market capitalization of $10.27 billion, a P/E ratio of 40.67 and a beta of 1.79. The firm’s 50 day moving average price is $46.07 and its 200 day moving average price is $43.09. Restaurant Brands International has a 52 week low of $29.28 and a 52 week high of $49.12.

Restaurant Brands International (NYSE:QSR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Restaurant Brands International had a return on equity of 20.00% and a net margin of 11.02%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Restaurant Brands International’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts anticipate that Restaurant Brands International will post $1.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.46%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, September 1st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.26%.

In other Restaurant Brands International news, Director Motta Roberto Moses Thompson acquired 22,000 shares of Restaurant Brands International stock in a transaction dated Thursday, September 8th. The stock was purchased at an average cost of $46.98 per share, for a total transaction of $1,033,560.00. Following the completion of the acquisition, the director now directly owns 7,440 shares of the company’s stock, valued at $349,531.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat acquired 5,000 shares of Restaurant Brands International stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $954,600. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Restaurant Brands International by 2.2% in the second quarter. FMR LLC now owns 11,518,528 shares of the company’s stock worth $479,482,000 after buying an additional 253,000 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Restaurant Brands International by 22.6% in the second quarter. Royal Bank of Canada now owns 9,425,588 shares of the company’s stock worth $392,104,000 after buying an additional 1,739,079 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Restaurant Brands International during the second quarter worth about $238,586,000. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 13.6% in the second quarter. Vanguard Group Inc. now owns 4,214,460 shares of the company’s stock worth $175,321,000 after buying an additional 503,446 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Restaurant Brands International by 2.2% in the second quarter. TD Asset Management Inc. now owns 3,995,215 shares of the company’s stock worth $165,445,000 after buying an additional 84,427 shares in the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

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