Restaurant Brands International (NYSE:QSR) Upgraded to Equal Weight by Morgan Stanley

Morgan Stanley upgraded shares of Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) from an underweight rating to an equal weight rating in a research note published on Monday, MarketBeat.com reports. They currently have $71.00 price target on the restaurant operator’s stock, up from their prior price target of $56.00.

Other analysts also recently issued reports about the stock. OTR Global raised shares of Restaurant Brands International from a mixed rating to a positive rating in a research note on Monday, October 10th. StockNews.com upgraded shares of Restaurant Brands International from a hold rating to a buy rating in a research report on Tuesday, October 25th. Robert W. Baird boosted their price objective on shares of Restaurant Brands International from $56.00 to $63.00 in a research report on Friday, August 5th. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an outperform rating in a research report on Monday, August 8th. Finally, Barclays decreased their price objective on shares of Restaurant Brands International from $68.00 to $65.00 and set an overweight rating on the stock in a research report on Thursday, October 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $64.95.

Restaurant Brands International Stock Performance

NYSE QSR opened at $66.68 on Monday. Restaurant Brands International has a 52-week low of $46.68 and a 52-week high of $68.54. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $20.42 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a fifty day moving average of $58.04 and a 200-day moving average of $55.33.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.90%.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Thecla Sweeney acquired 700 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were acquired at an average price of $58.60 per share, for a total transaction of $41,020.00. Following the completion of the acquisition, the director now owns 1,350 shares in the company, valued at $79,110. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Sami A. Siddiqui sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $67.03, for a total value of $1,005,450.00. Following the transaction, the insider now owns 125,860 shares in the company, valued at $8,436,395.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thecla Sweeney bought 700 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average price of $58.60 per share, for a total transaction of $41,020.00. Following the purchase, the director now owns 1,350 shares of the company’s stock, valued at approximately $79,110. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 199,478 shares of company stock worth $13,378,914. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QSR. Comerica Bank lifted its stake in shares of Restaurant Brands International by 12.6% in the first quarter. Comerica Bank now owns 7,529 shares of the restaurant operator’s stock worth $462,000 after buying an additional 843 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of Restaurant Brands International in the first quarter worth approximately $610,000. abrdn plc lifted its stake in shares of Restaurant Brands International by 11.1% in the first quarter. abrdn plc now owns 250,349 shares of the restaurant operator’s stock worth $14,585,000 after buying an additional 25,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Restaurant Brands International by 16.5% during the first quarter. Envestnet Asset Management Inc. now owns 634,260 shares of the restaurant operator’s stock valued at $37,034,000 after purchasing an additional 89,705 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Restaurant Brands International by 107.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,382 shares of the restaurant operator’s stock valued at $256,000 after purchasing an additional 2,268 shares during the period. Institutional investors own 78.50% of the company’s stock.

Restaurant Brands International Company Profile

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.

See Also

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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