Restaurant Brands International (NYSE:QSR) Given New $82.00 Price Target at Piper Sandler

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective cut by Piper Sandler from $84.00 to $82.00 in a report published on Wednesday morning, Marketbeat.com reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. TD Cowen reaffirmed a buy rating and issued a $84.00 price objective on shares of Restaurant Brands International in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research report on Friday, February 16th. Citigroup lowered their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. Finally, Stifel Nicolaus upped their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International has an average rating of Moderate Buy and an average price target of $83.39.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $73.21 on Wednesday. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.19 and a beta of 0.91. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The company’s 50 day moving average is $76.59 and its 200 day moving average is $74.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. On average, sell-side analysts anticipate that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Insider Buying and Selling

In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,200 shares of company stock valued at $28,828,182. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several large investors have recently bought and sold shares of QSR. Moloney Securities Asset Management LLC boosted its stake in shares of Restaurant Brands International by 2.3% in the 1st quarter. Moloney Securities Asset Management LLC now owns 19,118 shares of the restaurant operator’s stock valued at $1,519,000 after buying an additional 435 shares during the period. Greenwood Capital Associates LLC raised its holdings in Restaurant Brands International by 2.6% in the first quarter. Greenwood Capital Associates LLC now owns 16,488 shares of the restaurant operator’s stock valued at $1,310,000 after acquiring an additional 421 shares in the last quarter. Capstone Investment Advisors LLC lifted its stake in Restaurant Brands International by 168.6% in the first quarter. Capstone Investment Advisors LLC now owns 17,378 shares of the restaurant operator’s stock worth $1,381,000 after acquiring an additional 10,908 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Restaurant Brands International by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 176,629 shares of the restaurant operator’s stock worth $14,033,000 after acquiring an additional 7,999 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.