Royal Bank Of Canada Analysts Give Restaurant Brands International (NYSE:QSR) a $85.00 Price Target

Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on QSR. Scotiabank raised their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Scotia increased their price target on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Guggenheim raised their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays lifted their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, KeyCorp increased their target price on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.86.

Restaurant Brands International Stock Down 1.5%

QSR stock opened at $74.42 on Tuesday. The stock has a market capitalization of $25.99 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.20 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International has a 1-year low of $61.33 and a 1-year high of $81.96. The business has a fifty day moving average price of $73.90 and a 200-day moving average price of $73.47.

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 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 company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm posted $0.75 earnings per share. Restaurant Brands International’s revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in shares of Restaurant Brands International in the first quarter worth about $237,000. WINTON GROUP Ltd bought a new stake in Restaurant Brands International during the 2nd quarter valued at approximately $265,000. State Street Corp lifted its holdings in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Sei Investments Co. lifted its holdings in Restaurant Brands International by 188.7% in the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after purchasing an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina bought a new position in Restaurant Brands International in the 2nd quarter worth approximately $10,019,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.