Restaurant Brands International (NYSE:QSR) Reaches New 1-Year High Following Analyst Upgrade

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week high during trading on Tuesday after TD Cowen raised their price target on the stock from $72.00 to $76.00. TD Cowen currently has a hold rating on the stock. Restaurant Brands International traded as high as $78.53 and last traded at $78.7010, with a volume of 184937 shares. The stock had previously closed at $77.51.

A number of other research firms have also recently commented on QSR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Truist Financial upped their price objective on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. BMO Capital Markets decreased their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Morgan Stanley upped their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Guggenheim upped their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.38.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total transaction of $754,100.00. Following the sale, the insider directly owned 78,560 shares of the company’s stock, valued at $5,924,209.60. This represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline Friesner sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.61, for a total value of $2,238,300.00. Following the sale, the insider directly owned 165,727 shares in the company, valued at $12,364,891.47. This trade represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 441,490 shares of company stock worth $32,375,140. Company insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new stake in Restaurant Brands International during the 4th quarter valued at $25,000. Larson Financial Group LLC raised its holdings 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 valued at $25,000 after buying an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Restaurant Brands International during the 4th quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the 3rd quarter valued at $29,000. Finally, UMB Bank n.a. raised its holdings 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 valued at $44,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 1.4%

The company has a fifty day moving average of $72.44 and a two-hundred day moving average of $69.99. The company has a market cap of $27.28 billion, a PE 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 (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. Restaurant Brands International’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 19th. This is a positive change 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 3.3%. Restaurant Brands International’s payout ratio is 110.17%.

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.