Restaurant Brands International Inc (NYSE:QSR) Receives $77.69 Consensus Price Target from Analysts

Shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) have been given a consensus rating of “Buy” by the twenty brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $77.69.

A number of research firms recently weighed in on QSR. Longbow Research lowered shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating and cut their target price for the company from $70.50 to $55.00 in a report on Monday, May 13th. UBS Group restated a “buy” rating and issued a $79.00 price target (up from $74.00) on shares of Restaurant Brands International in a research report on Friday, July 12th. Goldman Sachs Group initiated coverage on Restaurant Brands International in a research report on Monday, July 29th. They issued a “neutral” rating and a $71.00 price target for the company. Credit Suisse Group raised their price target on Restaurant Brands International from $78.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Co raised their price target on Restaurant Brands International from $70.00 to $79.00 and gave the stock a “market perform” rating in a research report on Monday, July 22nd.

Shares of QSR stock traded up $0.94 on Friday, reaching $74.52. The company’s stock had a trading volume of 1,987,400 shares, compared to its average volume of 2,458,385. The stock’s fifty day simple moving average is $73.18 and its 200-day simple moving average is $67.48. Restaurant Brands International has a 1 year low of $50.20 and a 1 year high of $78.26. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.94 and a beta of 1.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $0.66 earnings per share. Restaurant Brands International’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International will post 2.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Tuesday, September 17th will be given a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.68%. Restaurant Brands International’s dividend payout ratio is presently 76.05%.

In other news, CEO Jose E. Cil sold 127,557 shares of Restaurant Brands International stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the completion of the sale, the chief executive officer now directly owns 558,889 shares in the company, valued at $38,160,940.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.13% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. FIL Ltd lifted its position in shares of Restaurant Brands International by 24.2% during the first quarter. FIL Ltd now owns 8,910,639 shares of the restaurant operator’s stock worth $579,708,000 after purchasing an additional 1,736,671 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Restaurant Brands International by 15.3% during the first quarter. Toronto Dominion Bank now owns 1,587,558 shares of the restaurant operator’s stock worth $103,273,000 after purchasing an additional 210,102 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Restaurant Brands International by 2.2% during the first quarter. Intact Investment Management Inc. now owns 539,062 shares of the restaurant operator’s stock worth $46,834,000 after purchasing an additional 11,854 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Restaurant Brands International by 16.6% in the first quarter. Bank of Montreal Can now owns 5,998,387 shares of the restaurant operator’s stock valued at $390,557,000 after acquiring an additional 852,636 shares in the last quarter. Finally, Boston Advisors LLC raised its holdings in shares of Restaurant Brands International by 29.6% in the first quarter. Boston Advisors LLC now owns 14,740 shares of the restaurant operator’s stock valued at $960,000 after acquiring an additional 3,370 shares in the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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