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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective upped by BMO Capital Markets from $71.00 to $75.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on the stock. Robert W. Baird reaffirmed a neutral rating on shares of Restaurant Brands International in a research note on Friday, May 7th. The Goldman Sachs Group initiated coverage on shares of Restaurant Brands International in a research report on Tuesday, January 19th. They set a sell rating and a $60.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an overweight rating in a research report on Monday, March 29th. Argus raised shares of Restaurant Brands International from a hold rating to a buy rating and set a $80.00 target price for the company in a research report on Thursday, May 6th. Finally, TheStreet lowered shares of Restaurant Brands International from a b- rating to a c rating in a research report on Thursday, February 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Restaurant Brands International has an average rating of Buy and a consensus price target of $69.90.

QSR stock opened at $66.69 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.60 and a debt-to-equity ratio of 3.22. Restaurant Brands International has a 1 year low of $48.09 and a 1 year high of $71.12. The company has a fifty day simple moving average of $67.03 and a 200 day simple moving average of $61.87. The firm has a market cap of $20.47 billion, a PE ratio of 36.24, a PEG ratio of 2.62 and a beta of 1.19.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Restaurant Brands International had a net margin of 11.00% and a return on equity of 26.67%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.48 EPS. Restaurant Brands International’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that Restaurant Brands International will post 2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 7th. Investors of record on Wednesday, June 23rd will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, June 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 3.18%. Restaurant Brands International’s payout ratio is currently 77.94%.

In other Restaurant Brands International news, insider Sami A. Siddiqui sold 65,784 shares of the company’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $60.31, for a total transaction of $3,967,433.04. Following the sale, the insider now directly owns 250,389 shares of the company’s stock, valued at $15,100,960.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel S. Schwartz sold 281,101 shares of the company’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $68.40, for a total transaction of $19,227,308.40. Following the sale, the director now directly owns 1,617 shares in the company, valued at $110,602.80. The disclosure for this sale can be found here. In the last three months, insiders sold 707,733 shares of company stock worth $45,575,826. 3.69% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of QSR. EdgePoint Investment Group Inc. lifted its position in shares of Restaurant Brands International by 14.1% during the first quarter. EdgePoint Investment Group Inc. now owns 12,395,006 shares of the restaurant operator’s stock worth $804,067,000 after purchasing an additional 1,532,724 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Restaurant Brands International by 7.8% during the first quarter. The Manufacturers Life Insurance Company now owns 5,783,698 shares of the restaurant operator’s stock worth $472,702,000 after purchasing an additional 417,293 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Restaurant Brands International by 4.5% during the fourth quarter. Mackenzie Financial Corp now owns 4,438,985 shares of the restaurant operator’s stock worth $270,588,000 after purchasing an additional 190,613 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Restaurant Brands International by 3.0% during the first quarter. Bank of Nova Scotia now owns 3,675,647 shares of the restaurant operator’s stock worth $239,008,000 after purchasing an additional 106,913 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $222,862,000. 79.46% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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