Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target hoisted by Barclays from $73.00 to $77.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the restaurant operator’s stock.
QSR has been the topic of a number of other research reports. ValuEngine raised shares of Restaurant Brands International from a hold rating to a buy rating in a research note on Thursday, April 18th. Zacks Investment Research cut shares of Restaurant Brands International from a hold rating to a sell rating in a research note on Monday, April 15th. Longbow Research cut shares of Restaurant Brands International from a neutral rating to an underperform rating and lowered their target price for the company from $70.50 to $55.00 in a research note on Monday. Jefferies Financial Group began coverage on shares of Restaurant Brands International in a research note on Thursday, May 9th. They issued a hold rating and a $70.00 target price on the stock. Finally, UBS Group set a $74.00 target price on shares of Restaurant Brands International and gave the company a buy rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $69.83.
Shares of NYSE:QSR traded up $0.09 on Thursday, hitting $67.79. 108,145 shares of the company were exchanged, compared to its average volume of 2,052,328. Restaurant Brands International has a one year low of $50.20 and a one year high of $68.65. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.68 and a beta of 1.39.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Restaurant Brands International will post 2.67 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.95%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 76.05%.
In other news, insider Jill Granat sold 35,621 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.30, for a total transaction of $2,219,188.30. Following the transaction, the insider now directly owns 276,457 shares in the company, valued at $17,223,271.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexandre Macedo bought 45,000 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 19th. The shares were bought at an average price of $64.73 per share, for a total transaction of $2,912,850.00. Following the completion of the transaction, the insider now directly owns 103,773 shares of the company’s stock, valued at approximately $6,717,226.29. The disclosure for this purchase can be found here. 3.78% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in QSR. Proficio Capital Partners LLC raised its stake in shares of Restaurant Brands International by 36.8% during the fourth quarter. Proficio Capital Partners LLC now owns 621 shares of the restaurant operator’s stock worth $32,000 after buying an additional 167 shares during the last quarter. Enlightenment Research LLC bought a new stake in Restaurant Brands International in the fourth quarter valued at approximately $42,000. Cresset Asset Management LLC bought a new stake in shares of Restaurant Brands International during the first quarter worth $48,000. Lindbrook Capital LLC increased its position in shares of Restaurant Brands International by 327.2% during the first quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 602 shares in the last quarter. Finally, Howe & Rusling Inc. increased its position in shares of Restaurant Brands International by 357.4% during the first quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 772 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
Further Reading: Support Level
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