Restaurant Brands International (NYSE:QSR) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) from a buy rating to a hold rating in a report published on Wednesday.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. began coverage on Restaurant Brands International in a research report on Monday, August 21st. They issued an overweight rating and a $82.00 price target on the stock. BMO Capital Markets upped their price target on Restaurant Brands International from $81.00 to $88.00 and gave the stock an outperform rating in a research note on Wednesday, August 9th. Bank of America lifted their price objective on shares of Restaurant Brands International from $73.00 to $79.00 and gave the company an underperform rating in a research report on Wednesday, August 9th. Morgan Stanley upped their price objective on shares of Restaurant Brands International from $76.00 to $78.00 and gave the stock an equal weight rating in a research report on Wednesday, August 9th. Finally, Truist Financial lifted their target price on shares of Restaurant Brands International from $89.00 to $90.00 and gave the company a buy rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $78.67.

Restaurant Brands International Stock Performance

Shares of QSR opened at $66.94 on Wednesday. The company’s 50 day simple moving average is $73.54 and its 200-day simple moving average is $70.79. The firm has a market cap of $20.91 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. Restaurant Brands International has a 12-month low of $51.26 and a 12-month high of $78.30. The company has a current ratio of 1.09, a quick ratio of 1.00 and a debt-to-equity ratio of 2.80.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Restaurant Brands International had a net margin of 15.03% and a return on equity of 34.44%. As a group, equities analysts predict that Restaurant Brands International will post 3.21 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Tuesday, September 19th. Restaurant Brands International’s payout ratio is currently 66.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. North Star Investment Management Corp. acquired a new position in shares of Restaurant Brands International during the 1st quarter valued at $26,000. Missouri Trust & Investment Co acquired a new stake in shares of Restaurant Brands International in the second quarter valued at about $28,000. Parkside Financial Bank & Trust purchased a new stake in shares of Restaurant Brands International during the 1st quarter valued at about $34,000. Ronald Blue Trust Inc. boosted its holdings in Restaurant Brands International by 1,234.1% in the 1st quarter. Ronald Blue Trust Inc. now owns 587 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 543 shares during the period. Finally, RFP Financial Group LLC acquired a new stake in Restaurant Brands International in the second quarter valued at approximately $39,000.

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.