Restaurant Brands International (NYSE:QSR) Given New $72.00 Price Target at Cowen

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) had its price target hoisted by Cowen from $63.00 to $72.00 in a report released on Wednesday morning, The Fly reports.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group raised Restaurant Brands International from a sell rating to a neutral rating and increased their target price for the stock from $57.00 to $64.00 in a report on Friday, November 4th. Cowen lifted their target price on Restaurant Brands International from $58.00 to $63.00 and gave the company a market perform rating in a research report on Friday, November 4th. StockNews.com upgraded Restaurant Brands International from a hold rating to a buy rating in a report on Tuesday, October 25th. OTR Global upgraded Restaurant Brands International from a mixed rating to a positive rating in a research note on Monday, October 10th. Finally, Morgan Stanley upgraded shares of Restaurant Brands International from an underweight rating to an equal weight rating and upped their price target for the stock from $56.00 to $71.00 in a report on Monday, November 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $66.89.

Restaurant Brands International Price Performance

Shares of QSR opened at $66.87 on Wednesday. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.31 and a beta of 0.96. The stock has a 50 day moving average of $65.65 and a 200-day moving average of $59.85. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 3.26. Restaurant Brands International has a 52 week low of $46.68 and a 52 week high of $68.54.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last issued its earnings results on Thursday, November 3rd. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. Restaurant Brands International had a return on equity of 36.65% and a net margin of 15.06%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.67 billion. As a group, analysts forecast that Restaurant Brands International will post 3.13 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.90%.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Jose E. Cil sold 21,998 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $65.04, for a total transaction of $1,430,749.92. Following the completion of the sale, the chief executive officer now directly owns 177,293 shares in the company, valued at approximately $11,531,136.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Restaurant Brands International news, CEO Jose E. Cil sold 21,998 shares of Restaurant Brands International stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $65.04, for a total transaction of $1,430,749.92. Following the sale, the chief executive officer now owns 177,293 shares of the company’s stock, valued at approximately $11,531,136.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Chan Shear sold 169,478 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total transaction of $11,488,913.62. Following the transaction, the insider now directly owns 157,267 shares in the company, valued at approximately $10,661,129.93. The disclosure for this sale can be found here. Insiders sold 237,234 shares of company stock worth $15,926,470 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Legend Financial Advisors Inc. acquired a new position in Restaurant Brands International during the 3rd quarter worth $27,000. Optiver Holding B.V. bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $32,000. Venture Visionary Partners LLC bought a new stake in Restaurant Brands International during the 2nd quarter valued at approximately $43,000. Accurate Wealth Management LLC acquired a new position in Restaurant Brands International in the 4th quarter valued at approximately $44,000. Finally, SkyView Investment Advisors LLC raised its holdings in Restaurant Brands International by 263.4% in the 1st quarter. SkyView Investment Advisors LLC now owns 883 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Restaurant Brands International Company Profile

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.