Restaurant Brands International (NYSE:QSR) Given New $90.00 Price Target at KeyCorp

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective increased by KeyCorp from $78.00 to $90.00 in a research report sent to investors on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

A number of other research analysts have also recently commented on QSR. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research report on Friday, February 13th. Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $84.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 15th. Finally, Barclays decreased 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. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.04.

Restaurant Brands International Stock Up 0.7%

Shares of QSR opened at $78.89 on Monday. The stock has a fifty day simple moving average of $73.08 and a two-hundred day simple moving average of $70.34. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $27.38 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $79.53.

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, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the firm earned $0.81 EPS. Restaurant Brands International’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Restaurant Brands International will post 4.06 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 3.3%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio is presently 110.17%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at $35,956,471.05. The trade was a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sami A. Siddiqui sold 40,000 shares of Restaurant Brands International 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 completion of the transaction, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,490 shares of company stock worth $32,375,140 over the last 90 days. 1.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $25,000. Larson Financial Group LLC boosted its stake in shares of Restaurant Brands International by 1,922.2% in 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 position in shares of Restaurant Brands International in the 4th quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $29,000. Finally, UMB Bank n.a. boosted its stake in shares of Restaurant Brands International by 50.4% in 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. 82.29% of the stock is owned by institutional investors and hedge funds.

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.