Restaurant Brands International (NYSE:QSR) Price Target Cut to $78.00 by Analysts at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by Citigroup from $84.00 to $78.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other equities research analysts also recently commented on the stock. KeyCorp boosted their target price on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Guggenheim increased their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Barclays lifted their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. TD Cowen upped their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Finally, UBS Group raised their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

Restaurant Brands International Stock Up 0.2%

Shares of QSR opened at $72.52 on Friday. The stock has a market cap of $25.32 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.11 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96. The company has a 50-day moving average price of $74.00 and a two-hundred day moving average price of $73.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Restaurant Brands International will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were issued a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 91.55%.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position 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 worth $577,000 after buying an additional 154 shares during the period. Capital Analysts LLC lifted its holdings in Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 158 shares during the period. Private Advisor Group LLC boosted its stake in Restaurant Brands International by 4.1% in the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 170 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake 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 valued at $644,000 after acquiring an additional 179 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Restaurant Brands International by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock valued at $3,967,000 after acquiring an additional 194 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

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.