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

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been given a consensus recommendation of “Moderate Buy” by the twenty-eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $83.56.

A number of brokerages have recently issued reports on QSR. Royal Bank of Canada decreased their target price on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Truist Financial raised their target price on Restaurant Brands International from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Barclays lifted their target price on Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, KeyCorp boosted their price target on shares of Restaurant Brands International from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Restaurant Brands International Trading Up 0.5 %

Shares of QSR stock opened at $67.53 on Friday. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.10 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company’s 50-day moving average price is $74.19 and its 200-day moving average price is $75.10.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its 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 business had revenue of $1.74 billion for 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, equities analysts predict that Restaurant Brands International will post 3.34 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.44%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Insider Buying and Selling

In other news, insider Jill Granat sold 80,332 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the sale, the insider now owns 410,759 shares in the company, valued at $31,299,835.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Granat sold 80,332 shares of the firm’s 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 completion of the transaction, the insider now directly owns 410,759 shares in the company, valued at $31,299,835.80. The disclosure for this sale can be found here. Insiders sold 335,065 shares of company stock worth $25,265,992 in the last quarter. 1.25% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Principal Financial Group Inc. boosted its stake in Restaurant Brands International by 10.2% in the 3rd quarter. Principal Financial Group Inc. now owns 24,447 shares of the restaurant operator’s stock worth $1,636,000 after purchasing an additional 2,266 shares during the period. Larson Financial Group LLC increased its position in Restaurant Brands International by 73,500.0% during the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 735 shares during the period. Signaturefd LLC raised its position in shares of Restaurant Brands International by 4.2% in the third quarter. Signaturefd LLC now owns 5,043 shares of the restaurant operator’s stock valued at $336,000 after buying an additional 204 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $242,000. Finally, NBC Securities Inc. acquired a new stake in Restaurant Brands International during the third quarter worth about $304,000. 82.29% of the stock is owned by institutional investors.

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.