Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Buy” from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received a consensus rating of “Buy” from the twenty-six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $65.50.

A number of brokerages have issued reports on QSR. Wells Fargo & Company lifted their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, March 29th. TheStreet downgraded shares of Restaurant Brands International from a “b-” rating to a “c” rating in a report on Thursday, February 11th. Morgan Stanley reduced their target price on shares of Restaurant Brands International from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, February 12th. Stephens reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, February 11th. Finally, KeyCorp reduced their target price on shares of Restaurant Brands International from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, February 12th.

In related news, insider David Chan Shear sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $61.25, for a total transaction of $168,437.50. Following the completion of the transaction, the insider now owns 175,497 shares in the company, valued at approximately $10,749,191.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Fernando Machado sold 13,578 shares of the business’s stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $60.31, for a total transaction of $818,889.18. Following the transaction, the chief marketing officer now owns 55,411 shares of the company’s stock, valued at approximately $3,341,837.41. The disclosure for this sale can be found here. Insiders sold a total of 417,750 shares of company stock valued at $25,726,778 in the last ninety days. Corporate insiders own 3.69% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Burney Co. increased its stake in Restaurant Brands International by 1.5% during the 4th quarter. Burney Co. now owns 13,846 shares of the restaurant operator’s stock valued at $846,000 after purchasing an additional 198 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Restaurant Brands International by 3.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,400 shares of the restaurant operator’s stock valued at $330,000 after purchasing an additional 200 shares in the last quarter. Guggenheim Capital LLC increased its stake in Restaurant Brands International by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 7,156 shares of the restaurant operator’s stock valued at $437,000 after purchasing an additional 256 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Restaurant Brands International by 7.6% during the 4th quarter. Wetherby Asset Management Inc. now owns 4,412 shares of the restaurant operator’s stock valued at $270,000 after purchasing an additional 313 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Restaurant Brands International by 8.2% during the 4th quarter. Raymond James Trust N.A. now owns 4,183 shares of the restaurant operator’s stock valued at $255,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 79.46% of the company’s stock.

NYSE QSR traded down $0.17 on Thursday, reaching $66.39. The company had a trading volume of 1,065,986 shares, compared to its average volume of 1,745,375. The company has a quick ratio of 1.60, a current ratio of 1.65 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $20.38 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The firm’s 50 day moving average price is $63.56 and its 200 day moving average price is $60.08. Restaurant Brands International has a 12 month low of $38.91 and a 12 month high of $68.48.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 10th. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.13). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Restaurant Brands International had a net margin of 11.00% and a return on equity of 26.67%. On average, research analysts expect that Restaurant Brands International will post 2.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 6th. Stockholders of record on Tuesday, March 23rd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, March 22nd. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.52. Restaurant Brands International’s dividend payout ratio is presently 76.47%.

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) 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 (NYSE:QSR)

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