Citigroup Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target trimmed by Citigroup from $84.00 to $78.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. UBS Group upped their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. TD Cowen upped their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $83.86.

Restaurant Brands International Stock Up 0.1%

Shares of Restaurant Brands International stock opened at $72.52 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96. The business has a fifty day simple moving average of $74.00 and a 200 day simple moving average of $73.28. The stock has a market cap of $25.32 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Research analysts predict that Restaurant Brands International will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were given a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s payout ratio is currently 91.55%.

Institutional Trading of Restaurant Brands International

Large investors have recently bought and sold shares of the business. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Restaurant Brands International by 10.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 61,062 shares of the restaurant operator’s stock valued at $4,427,000 after buying an additional 5,900 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Restaurant Brands International in the second quarter valued at approximately $313,000. GAMMA Investing LLC increased its position in shares of Restaurant Brands International by 19.2% during the second quarter. GAMMA Investing LLC now owns 2,793 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 449 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Restaurant Brands International by 304.3% during the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 350 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Restaurant Brands International by 6.3% during the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after acquiring an additional 207 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

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.