Restaurant Brands International Inc. (NYSE:QSR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Restaurant Brands International Inc. (NYSE:QSRGet Free Report) (TSE:QSR) has earned an average rating of “Moderate Buy” from the twenty-six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $83.3333.

Several research analysts have weighed in on the company. Barclays upped their price target on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. UBS Group upped their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $86.00 price target on shares of Restaurant Brands International in a research note on Thursday, May 7th. Finally, Truist Financial increased their target price on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Get Our Latest Research Report on QSR

Insider Activity

In other news, CFO Sami A. Siddiqui sold 40,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the transaction, the chief financial officer directly owned 35,766 shares in the company, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the transaction, the insider owned 162,077 shares of the company’s stock, valued at $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 350,000 shares of company stock worth $26,198,650. 1.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new position in shares of Restaurant Brands International during the 1st quarter valued at approximately $28,000. Bank of America Corp DE boosted its position in shares of Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after acquiring an additional 2,910,454 shares during the last quarter. Strategic Investment Advisors MI boosted its position in shares of Restaurant Brands International by 77.3% during the 1st quarter. Strategic Investment Advisors MI now owns 10,946 shares of the restaurant operator’s stock valued at $810,000 after acquiring an additional 4,772 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Restaurant Brands International by 1.8% during the 1st quarter. Arkadios Wealth Advisors now owns 54,726 shares of the restaurant operator’s stock valued at $4,044,000 after acquiring an additional 994 shares during the last quarter. Finally, Guardian Partners Inc. boosted its position in shares of Restaurant Brands International by 3.3% during the 1st quarter. Guardian Partners Inc. now owns 9,493 shares of the restaurant operator’s stock valued at $702,000 after acquiring an additional 305 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Down 0.0%

QSR stock opened at $75.36 on Wednesday. Restaurant Brands International has a 1-year low of $61.33 and a 1-year high of $81.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.95 and a beta of 0.53. The business has a 50 day simple moving average of $76.66 and a two-hundred day simple moving average of $72.01.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts anticipate that Restaurant Brands International will post 4.06 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Key Headlines Impacting Restaurant Brands International

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About Restaurant Brands International

(Get Free Report)

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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