Restaurant Brands International (NYSE:QSR) Price Target Lowered to $85.00 at BMO Capital Markets

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by BMO Capital Markets from $88.00 to $85.00 in a report released on Tuesday, Marketbeat.com reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their target price on shares of Restaurant Brands International from $86.00 to $87.00 and gave the stock an outperform rating in a research report on Monday. Scotiabank decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an outperform rating for the company in a research report on Monday. Truist Financial decreased their target price on shares of Restaurant Brands International from $89.00 to $83.00 and set a buy rating for the company in a research report on Monday. Stephens decreased their target price on shares of Restaurant Brands International from $77.00 to $75.00 and set an equal weight rating for the company in a research report on Monday. Finally, Citigroup upped their target price on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a neutral rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $78.81.

Restaurant Brands International Price Performance

QSR opened at $68.38 on Tuesday. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.61 and a beta of 0.98. Restaurant Brands International has a fifty-two week low of $59.55 and a fifty-two week high of $78.30. The company’s 50-day moving average price is $66.57 and its 200 day moving average price is $71.26. The company has a quick ratio of 1.00, a current ratio of 1.09 and a debt-to-equity ratio of 2.80.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.87 billion. Restaurant Brands International had a net margin of 13.22% and a return on equity of 33.17%. Restaurant Brands International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts expect that Restaurant Brands International will post 3.2 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 21st will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, December 20th. Restaurant Brands International’s payout ratio is 75.60%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its position in shares of Restaurant Brands International by 0.5% in the 2nd quarter. Capital World Investors now owns 41,731,550 shares of the restaurant operator’s stock valued at $3,235,062,000 after acquiring an additional 223,757 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Restaurant Brands International by 7.3% in the 2nd quarter. Capital Research Global Investors now owns 19,898,620 shares of the restaurant operator’s stock valued at $1,542,541,000 after acquiring an additional 1,350,491 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Restaurant Brands International by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,834,488 shares of the restaurant operator’s stock valued at $576,178,000 after acquiring an additional 312,782 shares in the last quarter. FIL Ltd lifted its position in shares of Restaurant Brands International by 35.7% in the 1st quarter. FIL Ltd now owns 5,797,200 shares of the restaurant operator’s stock valued at $389,182,000 after acquiring an additional 1,524,652 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Restaurant Brands International in the 2nd quarter valued at approximately $400,702,000.

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.