Restaurant Brands International (NYSE:QSR) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report released on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $80.00 price target on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised 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 note on Friday, February 16th. Evercore ISI raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. Loop Capital increased their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a buy rating in a report on Wednesday, May 1st. Evercore increased their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, TD Securities increased their price target on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a buy rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $83.21.

Restaurant Brands International Trading Down 0.6 %

Restaurant Brands International stock opened at $68.90 on Thursday. The firm has a 50-day moving average of $71.21 and a 200-day moving average of $75.02. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.11 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued 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. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.75 EPS. Restaurant Brands International’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.37%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of QSR. Vanguard Personalized Indexing Management LLC lifted its holdings in Restaurant Brands International by 5.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,607 shares of the restaurant operator’s stock valued at $307,000 after buying an additional 220 shares during the period. Pathstone Family Office LLC acquired a new position in Restaurant Brands International in the third quarter valued at $662,000. HighTower Advisors LLC lifted its holdings in Restaurant Brands International by 8.4% in the third quarter. HighTower Advisors LLC now owns 11,969 shares of the restaurant operator’s stock valued at $797,000 after buying an additional 927 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Restaurant Brands International by 122.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,081 shares of the restaurant operator’s stock valued at $738,000 after buying an additional 6,100 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Restaurant Brands International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock valued at $423,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.