Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) has received a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $67.27.
Several analysts recently weighed in on the company. Guggenheim decreased their price objective on Restaurant Brands International from $63.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft cut their target price on Restaurant Brands International from $72.00 to $70.00 in a research note on Wednesday, May 4th. Royal Bank of Canada cut their target price on Restaurant Brands International from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 4th. Citigroup cut their target price on Restaurant Brands International from $64.00 to $58.00 in a research note on Wednesday, May 4th. Finally, Stephens lifted their target price on Restaurant Brands International from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 16th.
A number of large investors have recently made changes to their positions in QSR. Murchinson Ltd. acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $247,878,000. Norges Bank acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $152,281,000. Mufg Securities Canada LTD. lifted its holdings in Restaurant Brands International by 1,058.4% in the fourth quarter. Mufg Securities Canada LTD. now owns 1,908,323 shares of the restaurant operator’s stock valued at $115,836,000 after acquiring an additional 1,743,582 shares during the period. Capital World Investors lifted its holdings in Restaurant Brands International by 3.7% in the fourth quarter. Capital World Investors now owns 37,476,766 shares of the restaurant operator’s stock valued at $2,273,888,000 after acquiring an additional 1,326,036 shares during the period. Finally, Boston Partners lifted its holdings in Restaurant Brands International by 2,851.2% in the fourth quarter. Boston Partners now owns 1,347,994 shares of the restaurant operator’s stock valued at $81,736,000 after acquiring an additional 1,302,318 shares during the period. 80.16% of the stock is owned by institutional investors.
Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last released its quarterly earnings data on Tuesday, May 3rd. The restaurant operator reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Restaurant Brands International had a return on equity of 30.02% and a net margin of 14.20%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, analysts anticipate that Restaurant Brands International will post 2.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd will be given a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $2.16 dividend on an annualized basis and a yield of 4.22%. Restaurant Brands International’s dividend payout ratio is currently 80.00%.
Restaurant Brands International Company Profile (Get Rating)
Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.
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