Restaurant Brands International (NYSE:QSR) Price Target Cut to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Citigroup from $81.00 to $78.00 in a report released on Tuesday morning, MarketBeat reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

Several other research firms have also commented on QSR. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a report on Friday, February 16th. Truist Financial reduced their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a buy rating on the stock in a report on Wednesday, February 14th. Stifel Nicolaus raised their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a report on Thursday, January 4th. TD Cowen reissued a buy rating and issued a $90.00 price target on shares of Restaurant Brands International in a report on Wednesday, April 10th. Finally, Piper Sandler cut their price target on shares of Restaurant Brands International from $85.00 to $84.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of Moderate Buy and an average price target of $82.25.

Restaurant Brands International Price Performance

QSR stock opened at $70.82 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The firm’s fifty day moving average is $77.36 and its 200 day moving average is $73.85. The firm has a market cap of $22.41 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.14 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts predict that Restaurant Brands International will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.58 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 61.54%.

Insider Activity at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of Restaurant Brands International stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the transaction, the insider now directly owns 410,759 shares of the company’s stock, valued at $31,299,835.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock valued at $28,828,182 in the last three months. Company insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wallace Advisory Group LLC purchased a new position in Restaurant Brands International in the first quarter worth about $209,000. AdvisorNet Financial Inc raised its holdings in Restaurant Brands International by 3.6% in the first quarter. AdvisorNet Financial Inc now owns 14,127 shares of the restaurant operator’s stock worth $1,122,000 after buying an additional 489 shares during the last quarter. Royal Fund Management LLC purchased a new position in Restaurant Brands International in the first quarter worth about $1,067,000. Bennett Selby Investments LP raised its holdings in Restaurant Brands International by 898.4% in the first quarter. Bennett Selby Investments LP now owns 263,460 shares of the restaurant operator’s stock worth $20,932,000 after buying an additional 237,072 shares during the last quarter. Finally, Gunderson Capital Management Inc. raised its holdings in Restaurant Brands International by 26.1% in the first quarter. Gunderson Capital Management Inc. now owns 141,771 shares of the restaurant operator’s stock worth $11,264,000 after buying an additional 29,355 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.