Restaurant Brands International (NYSE:QSR) Upgraded at Scotiabank

Scotiabank upgraded shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) to a hold rating in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has $75.00 price objective on the restaurant operator’s stock.

QSR has been the subject of a number of other reports. Citigroup decreased their price target on Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. TD Securities reiterated a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird cut their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.68.

Restaurant Brands International Trading Down 0.0%

NYSE QSR opened at $66.09 on Wednesday. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The company has a market capitalization of $21.66 billion, a PE ratio of 22.40, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a fifty day moving average of $67.48 and a 200 day moving average of $65.80.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The business’s quarterly revenue was up 21.3% on a year-over-year basis. Research analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International’s payout ratio is 84.07%.

Insider Activity

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the sale, the insider now owns 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Inkwell Capital LLC acquired a new stake in Restaurant Brands International during the fourth quarter worth $3,370,000. Summerhill Capital Management lnc. purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $841,000. Aviso Financial Inc. lifted its position in Restaurant Brands International by 4.1% in the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock valued at $61,384,000 after buying an additional 37,241 shares during the last quarter. Baupost Group LLC MA lifted its holdings in shares of Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock worth $189,133,000 after acquiring an additional 2,873,406 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.