Barclays Cuts Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Barclays from $83.00 to $80.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

A number of other equities analysts have also recently commented on QSR. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group reduced their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Finally, KeyCorp lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Trading Down 2.8 %

Shares of NYSE QSR opened at $64.53 on Thursday. The stock has a market capitalization of $20.94 billion, a P/E ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The business’s 50 day moving average is $64.24 and its two-hundred day moving average is $68.04. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. As a group, research analysts expect that Restaurant Brands International will post 3.3 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last three months. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake in Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 161 shares during the last quarter. GeoWealth Management LLC increased its holdings in Restaurant Brands International by 7.0% in the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock worth $162,000 after buying an additional 163 shares during the period. D.A. Davidson & CO. raised its position in Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its stake in Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after acquiring an additional 180 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.