Robert W. Baird Boosts Restaurant Brands International (NYSE:QSR) Price Target to $82.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by Robert W. Baird from $76.00 to $82.00 in a report released on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the restaurant operator’s stock.

Other analysts also recently issued reports about the company. CIBC cut their target price on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating for the company in a research report on Wednesday, January 17th. Piper Sandler decreased their target price 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. Guggenheim boosted their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. TD Securities decreased their price objective on shares of Restaurant Brands International from $90.00 to $84.00 and set a buy rating on the stock in a research note on Friday, April 12th. Finally, Royal Bank of Canada cut their target price on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $83.56.

Restaurant Brands International Trading Up 2.2 %

QSR stock opened at $75.87 on Wednesday. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The company 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. The company’s 50-day simple moving average is $76.57 and its 200 day simple moving average is $74.51. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Restaurant Brands International will post 3.37 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 Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Transactions at Restaurant Brands International

In other news, insider David Chan Shear sold 17,556 shares of the stock in a transaction 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 sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Matthew Dunnigan sold 14,565 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International 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 sale, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 380,200 shares of company stock worth $28,828,182. Company insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

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