Restaurant Brands International’s (QSR) Buy Rating Reiterated at Deutsche Bank
Deutsche Bank restated their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report released on Tuesday, AnalystRatings.com reports. Deutsche Bank currently has a $71.00 price target on the restaurant operator’s stock.
Several other research firms also recently commented on QSR. Bank of America downgraded Restaurant Brands International from a neutral rating to an underperform rating in a report on Wednesday, January 8th. Cowen reduced their price objective on Restaurant Brands International from $75.00 to $68.00 and set an outperform rating on the stock in a report on Monday, January 13th. Stifel Nicolaus assumed coverage on Restaurant Brands International in a report on Thursday, December 12th. They set a hold rating and a $68.00 price objective on the stock. Royal Bank of Canada restated a buy rating and set a $77.00 price objective on shares of Restaurant Brands International in a report on Thursday, January 23rd. Finally, Wells Fargo & Co reduced their price objective on Restaurant Brands International from $72.00 to $70.00 and set an equal weight rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $75.76.
QSR traded up $0.86 during trading on Tuesday, hitting $67.26. 88,301 shares of the stock were exchanged, compared to its average volume of 2,857,632. The firm has a 50 day simple moving average of $63.64 and a 200 day simple moving average of $68.69. The firm has a market cap of $19.60 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.99 and a beta of 1.19. Restaurant Brands International has a 1 year low of $60.58 and a 1 year high of $79.46. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.05 and a current ratio of 1.09.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be issued a $0.52 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.09%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 73.53%.
Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Restaurant Brands International by 2,494.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 441 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 424 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in Restaurant Brands International during the 3rd quarter worth $30,000. Parallel Advisors LLC grew its stake in Restaurant Brands International by 279.5% during the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the restaurant operator’s stock worth $30,000 after buying an additional 313 shares during the last quarter. NEXT Financial Group Inc grew its stake in Restaurant Brands International by 144.4% during the 4th quarter. NEXT Financial Group Inc now owns 594 shares of the restaurant operator’s stock worth $38,000 after buying an additional 351 shares during the last quarter. Finally, Allred Capital Management LLC purchased a new position in Restaurant Brands International during the 4th quarter worth $54,000. Institutional investors and hedge funds own 77.46% of the company’s stock.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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