TD Cowen Reaffirms Buy Rating for Restaurant Brands International (NYSE:QSR)

TD Cowen restated their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report released on Thursday, Benzinga reports. The firm currently has a $88.00 target price on the restaurant operator’s stock.

Other analysts have also issued reports about the company. Evercore ISI raised their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock an outperform rating in a research note on Wednesday, February 28th. Guggenheim raised their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Royal Bank of Canada cut their price objective on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating on the stock in a report on Wednesday, February 14th. Evercore raised their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the stock an overweight rating in a report on Friday, February 16th. One equities research 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. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of Moderate Buy and an average target price of $83.21.

Restaurant Brands International Trading Down 0.6 %

Shares of QSR stock opened at $68.90 on Thursday. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock has a market cap of $21.80 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.11 and a beta of 0.92. The business has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $75.02. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm 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. 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 presently 59.79%.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction on Monday, May 6th. The stock was 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 of the company’s stock, valued at approximately $44,783,579.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly 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.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aviva PLC raised its stake in shares of Restaurant Brands International by 1.3% in the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after buying an additional 149 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares during the period. Bleakley Financial Group LLC raised its position in shares of Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Restaurant Brands International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after purchasing an additional 168 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Restaurant Brands International by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares during the period. Institutional investors 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.