Restaurant Brands International (NYSE:QSR) Given New $76.00 Price Target at TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by TD Cowen from $72.00 to $76.00 in a research report released on Tuesday, Marketbeat.com reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the company. Oppenheimer raised their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. JPMorgan Chase & Co. lowered their price target on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. Scotiabank lowered their price target on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, February 13th. Stifel Nicolaus raised Restaurant Brands International from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $90.00 in a report on Monday, March 2nd. Finally, Barclays lowered their price target on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.38.

Restaurant Brands International Stock Performance

Shares of QSR opened at $78.59 on Tuesday. The stock’s 50-day simple moving average is $72.44 and its 200 day simple moving average is $69.99. The stock has a market capitalization of $27.28 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 2.20 and a beta of 0.51. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $78.81.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion for 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 firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Research analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 110.17%.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.61, for a total transaction of $2,238,300.00. Following the transaction, the insider directly owned 165,727 shares of the company’s stock, valued at approximately $12,364,891.47. This trade represents a 15.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.51, for a total value of $2,980,400.00. Following the transaction, the chief financial officer directly owned 35,766 shares in the company, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,490 shares of company stock worth $32,375,140 in the last quarter. 1.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in Restaurant Brands International during the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its position in Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Restaurant Brands International during the 4th quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in Restaurant Brands International during the 3rd quarter worth approximately $29,000. Finally, UMB Bank n.a. grew its position in Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 214 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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.