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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $74.7619.

A number of brokerages have recently issued reports on QSR. Citigroup increased their target price on Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Robert W. Baird upped their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Friday, August 15th.

Restaurant Brands International Trading Up 3.0%

NYSE:QSR opened at $72.05 on Wednesday. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.78 and a beta of 0.63. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International has a one year low of $58.71 and a one year high of $72.36. The business’s 50-day simple moving average is $67.15 and its 200 day simple moving average is $67.14.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company earned $0.93 EPS. Restaurant Brands International’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict 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 disclosed 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 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman owned 193,855 shares of the company’s stock, valued at $13,531,079. The trade was a 18.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. bought a new position in Restaurant Brands International in the third quarter valued at about $29,000. Legend Financial Advisors Inc. bought a new stake in Restaurant Brands International during the 2nd quarter worth $33,000. CX Institutional increased its holdings in Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 260 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Restaurant Brands International during the second quarter worth $35,000. Institutional investors 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.