Restaurant Brands International (NYSE:QSR) PT Raised to $93.00 at Loop Capital

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target upped by Loop Capital from $86.00 to $93.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the company. Guggenheim lifted their target price on Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Citigroup boosted their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock a neutral rating in a report on Wednesday. TD Cowen reiterated a buy rating and issued a $84.00 target price on shares of Restaurant Brands International in a report on Tuesday. Scotiabank lifted their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Finally, Evercore lifted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $83.56.

Restaurant Brands International Price Performance

NYSE:QSR opened at $75.87 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The business’s 50-day moving average price is $76.57 and its 200 day moving average price is $74.51. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The firm has a market cap of $24.00 billion, a P/E ratio of 19.55, a PEG ratio of 2.18 and a beta of 0.92.

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 (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts predict that Restaurant Brands International will post 3.37 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 issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is 59.79%.

Insider Buying and Selling

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the transaction, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Dunnigan sold 46,701 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $3,528,260.55. Following the completion of the sale, the chief financial officer now directly owns 128,154 shares in the company, valued at $9,682,034.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently made changes to their positions in the business. Capital Research Global Investors increased its position in Restaurant Brands International by 19.8% in the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after buying an additional 3,971,774 shares during the period. Norges Bank bought a new position in Restaurant Brands International during the fourth quarter worth $243,551,000. National Bank of Canada FI boosted its holdings in Restaurant Brands International by 46.7% in the 4th quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock valued at $173,167,000 after purchasing an additional 717,801 shares during the period. 1832 Asset Management L.P. grew its position in Restaurant Brands International by 18.2% in the 4th quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock worth $364,722,000 after purchasing an additional 717,346 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Restaurant Brands International by 22.8% during the 4th quarter. TD Asset Management Inc now owns 3,438,433 shares of the restaurant operator’s stock worth $269,914,000 after purchasing an additional 638,501 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.