Truist Financial Cuts Restaurant Brands International (NYSE:QSR) Price Target to $83.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by Truist Financial from $85.00 to $83.00 in a research report released on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also issued reports on QSR. TD Cowen dropped their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. CIBC lowered their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Oppenheimer lowered their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Bank of America increased their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.96.

Restaurant Brands International Stock Down 2.8 %

QSR opened at $64.53 on Thursday. The company has a market cap of $20.94 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $83.29. The company has a 50-day moving average price of $64.24 and a 200 day moving average price of $68.04. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Sell-side analysts expect that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insiders Place Their Bets

In related news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last three months. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the period. Venturi Wealth Management LLC grew its holdings in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $32,000. IFP Advisors Inc raised its holdings in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.