Restaurant Brands International (NYSE:QSR) Price Target Raised to $85.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by KeyCorp from $82.00 to $85.00 in a research report report published on Wednesday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

QSR has been the subject of a number of other reports. BMO Capital Markets upped their target price on Restaurant Brands International from $85.00 to $90.00 and gave the company an outperform rating in a research report on Wednesday, February 14th. TD Securities lowered their target price on shares of Restaurant Brands International from $90.00 to $84.00 and set a buy rating on the stock in a research report on Friday, April 12th. Truist Financial upped their price target on shares of Restaurant Brands International from $87.00 to $90.00 and gave the company a buy rating in a research report on Wednesday. Royal Bank of Canada lowered their price objective on shares of Restaurant Brands International from $91.00 to $90.00 and set an outperform rating on the stock in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus upped their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a hold rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $83.39.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $73.21 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The firm’s 50 day moving average is $76.59 and its two-hundred day moving average is $74.51. The firm has a market capitalization of $23.16 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business earned $0.75 EPS. Restaurant Brands International’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s payout ratio is currently 61.54%.

Insider Buying and Selling

In other news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is owned by insiders.

Institutional Trading of Restaurant Brands International

A number of large investors have recently made changes to their positions in QSR. Mather Group LLC. purchased a new position in Restaurant Brands International in the 1st quarter valued at about $25,000. Pacifica Partners Inc. boosted its position in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 245 shares during the last quarter. Rise Advisors LLC grew its stake in Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 174 shares during the period. Oakworth Capital Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at $30,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $30,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.