Restaurant Brands International (NYSE:QSR) Price Target Increased to $90.00 by Analysts at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price increased by Truist Financial from $87.00 to $90.00 in a report issued on Wednesday morning, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. Evercore ISI raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a research note on Wednesday, February 28th. Stephens restated an equal weight rating and set a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. TD Cowen restated a buy rating and set a $84.00 target price on shares of Restaurant Brands International in a research note on Tuesday, April 30th. Finally, CIBC cut their target price on shares of Restaurant Brands International from $88.00 to $87.00 and set an outperform rating for the company in a research note on Wednesday, January 17th. One research 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’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $75.83 on Wednesday. The stock has a market cap of $23.99 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.25 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94. The company has a fifty day moving average price of $76.56 and a two-hundred day moving average price of $74.59. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. As a group, equities analysts predict that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Activity at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jill Granat sold 80,332 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the sale, the insider now directly owns 410,759 shares of the company’s stock, valued at approximately $31,299,835.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in Restaurant Brands International by 0.5% during the 4th quarter. Capital World Investors now owns 42,244,556 shares of the restaurant operator’s stock worth $3,300,579,000 after acquiring an additional 227,630 shares during the last quarter. Capital Research Global Investors grew its holdings in Restaurant Brands International by 19.8% during the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after acquiring an additional 3,971,774 shares during the last quarter. Vanguard Group Inc. grew its holdings in Restaurant Brands International by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock worth $937,963,000 after acquiring an additional 224,111 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Restaurant Brands International by 18.2% during the 4th quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock worth $364,722,000 after acquiring an additional 717,346 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Restaurant Brands International by 5.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock worth $290,287,000 after acquiring an additional 228,654 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

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.