JPMorgan Chase & Co. Raises Restaurant Brands International (NYSE:QSR) Price Target to $74.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lifted by JPMorgan Chase & Co. from $73.00 to $74.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Several other research firms have also commented on QSR. Truist Financial lowered their price objective on Restaurant Brands International from $89.00 to $83.00 and set a buy rating on the stock in a research report on Monday, November 6th. Citigroup upped their price objective on Restaurant Brands International from $72.00 to $74.00 and gave the stock a neutral rating in a research report on Monday, November 6th. StockNews.com initiated coverage on Restaurant Brands International in a research report on Thursday, October 5th. They issued a hold rating on the stock. Wells Fargo & Company upped their target price on Restaurant Brands International from $75.00 to $76.00 and gave the stock an equal weight rating in a research note on Wednesday, July 19th. Finally, Jefferies Financial Group upped their target price on Restaurant Brands International from $73.00 to $75.00 and gave the stock a hold rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $78.50.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $68.74 on Friday. The business’s 50 day moving average price is $66.51 and its 200 day moving average price is $71.24. The firm has a market cap of $21.45 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.63 and a beta of 0.98. Restaurant Brands International has a 52 week low of $59.55 and a 52 week high of $78.30. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 2.82.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. Restaurant Brands International had a return on equity of 32.72% and a net margin of 13.22%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Restaurant Brands International will post 3.22 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 75.60%.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new position in shares of Restaurant Brands International during the first quarter worth about $26,000. Missouri Trust & Investment Co acquired a new position in shares of Restaurant Brands International during the second quarter worth about $28,000. Parkside Financial Bank & Trust acquired a new position in shares of Restaurant Brands International during the first quarter worth about $34,000. Janiczek Wealth Management LLC acquired a new position in shares of Restaurant Brands International during the third quarter worth about $36,000. Finally, RFP Financial Group LLC acquired a new position in shares of Restaurant Brands International during the second quarter worth about $39,000.

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.