Restaurant Brands International (NYSE:QSR) Given New $86.00 Price Target at Barclays

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price raised by Barclays from $78.00 to $86.00 in a research note published on Wednesday, Marketbeat.com reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts also recently commented on QSR. Royal Bank Of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research report on Tuesday, December 9th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Robert W. Baird upped their price objective on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $76.18.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $67.47 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The company has a market capitalization of $22.13 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. The firm’s 50-day moving average is $69.48 and its two-hundred day moving average is $67.31. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd were paid a $0.62 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s payout ratio is 88.26%.

Insider Buying and Selling at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 10,913 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $773,404.31. Following the sale, the chief financial officer directly owned 10,609 shares in the company, valued at approximately $751,859.83. This trade represents a 50.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Axel Schwan sold 5,860 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $415,298.20. Following the transaction, the insider directly owned 159,757 shares of the company’s stock, valued at $11,321,978.59. The trade was a 3.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,807 shares of company stock valued at $9,308,973. Insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in the company. Baupost Group LLC MA raised its position in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares in the last quarter. Norges Bank purchased a new position in Restaurant Brands International in the second quarter valued at approximately $254,948,000. State Street Corp raised its holdings in Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Restaurant Brands International by 112.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after buying an additional 2,277,694 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after buying an additional 1,983,354 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 (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.