Restaurant Brands International (NYSE:QSR) Trading Up 4.3% After Analyst Upgrade

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price traded up 4.3% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $80.00 to $81.00. Scotiabank currently has an outperform rating on the stock. Restaurant Brands International traded as high as $77.24 and last traded at $77.03. 1,239,625 shares were traded during trading, a decline of 15% from the average session volume of 1,456,798 shares. The stock had previously closed at $73.84.

Other analysts have also issued research reports about the stock. Guggenheim boosted their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Evercore boosted their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Citigroup decreased their price target on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Piper Sandler decreased their price target on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Stephens restated an “equal weight” rating and set a $75.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $82.07.

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the sale, the chief executive officer now directly owns 578,125 shares of the company’s stock, valued at $43,688,906.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Restaurant Brands International news, insider Jill Granat sold 23,322 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the transaction, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the transaction, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last three months. 1.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of QSR. Mather Group LLC. bought a new position in shares of Restaurant Brands International in the first quarter worth approximately $25,000. Pacifica Partners Inc. lifted its position in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 245 shares during the period. Rise Advisors LLC lifted its position in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares during the period. Oakworth Capital Inc. purchased a new position in Restaurant Brands International during the fourth quarter valued at $30,000. Finally, Montag A & Associates Inc. purchased a new position in Restaurant Brands International during the fourth quarter valued at $30,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a market cap of $23.99 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The firm has a 50-day simple moving average of $76.64 and a 200 day simple moving average of $74.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.38 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 20th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

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.