Restaurant Brands International (NYSE:QSR) Price Target Raised to $75.00

Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) had its target price raised by Wells Fargo & Company from $70.00 to $75.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the restaurant operator’s stock.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. TD Cowen dropped their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Barclays reduced their target price on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, December 2nd. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.90.

Get Our Latest Analysis on QSR

Restaurant Brands International Trading Up 2.6%

Shares of NYSE QSR opened at $71.73 on Friday. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $73.70. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The business’s 50 day moving average is $68.59 and its two-hundred day moving average is $67.55. The stock has a market capitalization of $24.85 billion, a P/E ratio of 30.39, a PEG ratio of 2.18 and a beta of 0.56.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, research analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio is 105.08%.

Insider Buying and Selling

In related news, insider Duncan Fulton sold 10,308 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $695,893.08. Following the completion of the transaction, the insider owned 49,677 shares in the company, valued at $3,353,694.27. The trade was a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Granat sold 11,525 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $778,052.75. Following the sale, the insider directly owned 476,126 shares of the company’s stock, valued at $32,143,266.26. The trade was a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 186,401 shares of company stock valued at $12,857,069 over the last three months. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its holdings in shares of Restaurant Brands International by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 154 shares during the last quarter. Capital Analysts LLC increased its position in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 158 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in Restaurant Brands International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after buying an additional 161 shares during the last quarter. Applied Finance Capital Management LLC boosted its holdings in Restaurant Brands International by 1.9% in the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after acquiring an additional 179 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Restaurant Brands International by 4.1% in the second quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after acquiring an additional 180 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International News Roundup

Here are the key news stories impacting Restaurant Brands International this week:

About Restaurant Brands International

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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.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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