Robert W. Baird Boosts Restaurant Brands International (NYSE:QSR) Price Target to $82.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective boosted by Robert W. Baird from $76.00 to $82.00 in a research note released on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on QSR. Oppenheimer lifted their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an outperform rating in a report on Friday, January 5th. Guggenheim upped their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a report on Friday, February 16th. Stifel Nicolaus upped their target price on Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a report on Thursday, January 4th. Finally, CIBC dropped their target price on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $83.39.

Restaurant Brands International Stock Down 3.5 %

NYSE QSR opened at $73.21 on Wednesday. The business has a fifty day moving average price of $76.59 and a two-hundred day moving average price of $74.51. The stock has a market capitalization of $23.16 billion, a PE ratio of 19.42, a PEG ratio of 2.19 and a beta of 0.91. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.75 EPS. Restaurant Brands International’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Restaurant Brands International will post 3.38 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

Insider Activity

In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Joshua Kobza sold 161,353 shares of the company’s 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 transaction, the chief executive officer now directly owns 578,125 shares of the company’s stock, valued at $43,688,906.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 in the last quarter. 1.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Restaurant Brands International by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock valued at $14,127,000 after acquiring an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $3,703,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after purchasing an additional 91,893 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Restaurant Brands International during the third quarter valued at approximately $5,619,000. Finally, Vanguard Group Inc. grew its holdings in Restaurant Brands International by 1.8% during the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after buying an additional 203,594 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

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.