Restaurant Brands International (NYSE:QSR) Price Target Raised to $90.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target raised by Truist Financial from $87.00 to $90.00 in a report released on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on the company. Robert W. Baird lifted their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the company a neutral rating in a report on Wednesday. Oppenheimer upped their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an outperform rating in a research report on Friday, January 5th. BMO Capital Markets lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, February 14th. Stifel Nicolaus upped 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. Finally, Citigroup cut their price target on Restaurant Brands International from $81.00 to $78.00 and set a neutral rating on the stock in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $75.87 on Wednesday. The company has a market capitalization of $24.00 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.18 and a beta of 0.92. The company’s 50-day simple moving average is $76.57 and its two-hundred day simple moving average is $74.51. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 0.94.

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

Restaurant Brands International Announces Dividend

The firm also recently declared 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. This represents a $2.32 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s payout ratio is 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 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 $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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Restaurant Brands International by 223.3% in the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock valued at $379,000 after buying an additional 3,934 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Restaurant Brands International by 4.9% during the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock worth $1,903,000 after acquiring an additional 1,338 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Restaurant Brands International by 4.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock valued at $1,036,000 after purchasing an additional 693 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Restaurant Brands International by 16.1% in the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 878 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Restaurant Brands International by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator’s stock worth $127,816,000 after purchasing an additional 138,215 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.