Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Hold” from Analysts

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $75.75.

Several analysts recently weighed in on QSR shares. Melius started coverage on Restaurant Brands International in a report on Monday, July 14th. They set a “buy” rating and a $90.00 price target on the stock. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Piper Sandler decreased their price target on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada decreased their price target on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Robert W. Baird increased their price target on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday.

Restaurant Brands International Stock Down 2.0%

Shares of QSR opened at $65.68 on Friday. The stock has a market capitalization of $21.53 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $72.32. The business’s 50 day simple moving average is $65.21 and its 200-day simple moving average is $66.64. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a return on equity of 32.83% and a net margin of 9.95%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities analysts expect that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is presently 93.94%.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. grew its position in Restaurant Brands International by 2.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator’s stock valued at $460,000 after acquiring an additional 151 shares during the last quarter. Ritholtz Wealth Management grew its position in Restaurant Brands International by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 174 shares during the last quarter. MAI Capital Management grew its position in Restaurant Brands International by 4.1% in the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock valued at $305,000 after acquiring an additional 180 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Restaurant Brands International by 2.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,868 shares of the restaurant operator’s stock valued at $505,000 after acquiring an additional 192 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Restaurant Brands International by 49.3% in the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.