Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $83.11.

QSR has been the subject of a number of analyst reports. KeyCorp lowered their price target on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Guggenheim lifted their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price target for the company. Piper Sandler cut their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Truist Financial cut their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th.

Restaurant Brands International Stock Performance

NYSE QSR opened at $70.92 on Friday. The stock has a market cap of $22.47 billion, a PE ratio of 18.28, a PEG ratio of 2.13 and a beta of 0.93. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The firm’s fifty day moving average price is $70.04 and its two-hundred day moving average price is $71.44.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. On average, equities analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The sale was disclosed in a filing with the SEC, which is available at this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Mather Group LLC. acquired a new position in Restaurant Brands International during the first quarter valued at approximately $25,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the first quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Restaurant Brands International during the 1st quarter valued at about $59,000. Parallel Advisors LLC lifted its holdings in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds 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.