Restaurant Brands International Inc. (TSE:QSR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) have earned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$89.46.

Several research firms have issued reports on QSR. Wells Fargo & Company lifted their target price on Restaurant Brands International from C$83.00 to C$86.00 and gave the company a “na” rating in a research note on Monday, June 28th. UBS Group reissued a “buy” rating and issued a C$80.00 price target on shares of Restaurant Brands International in a report on Thursday, September 2nd. Guggenheim reissued a “neutral” rating and issued a C$81.64 price target on shares of Restaurant Brands International in a report on Tuesday, July 27th. Oppenheimer raised Restaurant Brands International to a “buy” rating and set a C$80.00 price target for the company in a report on Thursday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a C$101.00 price target on shares of Restaurant Brands International in a report on Tuesday, August 3rd.

QSR opened at C$82.01 on Wednesday. The business’s 50-day moving average is C$81.09 and its two-hundred day moving average is C$81.73. Restaurant Brands International has a 1 year low of C$67.77 and a 1 year high of C$87.32. The company has a debt-to-equity ratio of 336.49, a current ratio of 1.53 and a quick ratio of 1.39. The firm has a market capitalization of C$25.30 billion and a PE ratio of 29.48.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results on Friday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.77 by C$0.17. The company had revenue of C$1.77 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. As a group, sell-side analysts expect that Restaurant Brands International will post 3.1899999 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Tuesday, September 21st will be issued a dividend of $0.657 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 75.49%.

In other news, Senior Officer Matthew Dunnigan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of C$87.96, for a total value of C$879,648.00. Following the completion of the sale, the insider now directly owns 45,492 shares in the company, valued at C$4,001,694.68. Also, Senior Officer Joshua Kobza sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, August 26th. The shares were sold at an average price of C$85.69, for a total value of C$4,713,192.00. Following the completion of the sale, the insider now owns 314,096 shares of the company’s stock, valued at C$26,916,268.26.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. 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.

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Analyst Recommendations for Restaurant Brands International (TSE:QSR)

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