Piper Sandler Trims Restaurant Brands International (NYSE:QSR) Target Price to $82.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective cut by Piper Sandler from $84.00 to $82.00 in a report issued on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus lifted their target price on 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 reaffirmed a buy rating and issued a $84.00 price objective on shares of Restaurant Brands International in a report on Tuesday. Evercore raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a report on Wednesday, February 28th. TD Securities decreased their target price on shares of Restaurant Brands International from $90.00 to $84.00 and set a buy rating for the company in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of Moderate Buy and a consensus price target of $83.56.

Restaurant Brands International Stock Up 2.2 %

QSR stock opened at $75.87 on Wednesday. The stock has a market capitalization of $24.00 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The firm has a 50 day moving average of $76.57 and a 200 day moving average of $74.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.06%. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Transactions at Restaurant Brands International

In other news, CFO Matthew Dunnigan sold 46,701 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $3,528,260.55. Following the transaction, the chief financial officer now directly owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares in the company, valued at approximately $9,682,034.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last 90 days. 1.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in QSR. Mather Group LLC. purchased a new position in shares of Restaurant Brands International during the 1st quarter worth $25,000. Pacifica Partners Inc. increased its position in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares during the last quarter. Rise Advisors LLC raised its stake in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Montag A & Associates Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $30,000. Finally, Oakworth Capital Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $30,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.