Restaurant Brands International (NYSE:QSR) Sets New 1-Year High on Analyst Upgrade

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week high during trading on Tuesday after TD Cowen raised their price target on the stock from $72.00 to $76.00. TD Cowen currently has a hold rating on the stock. Restaurant Brands International traded as high as $78.53 and last traded at $78.7010, with a volume of 184937 shares. The stock had previously closed at $77.51.

Several other research analysts also recently commented on QSR. BMO Capital Markets decreased their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Scotiabank decreased their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, February 13th. Guggenheim lifted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada lifted their target price on shares of Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Barclays decreased their target price on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.38.

Insiders Place Their Bets

In related news, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the sale, the insider owned 478,845 shares in the company, valued at $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction on Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the sale, the insider owned 162,077 shares in the company, valued at approximately $11,909,417.96. This trade represents a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 441,490 shares of company stock valued at $32,375,140 over the last quarter. 1.25% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Large investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. bought a new stake in Restaurant Brands International in the fourth quarter valued at $25,000. Larson Financial Group LLC boosted its holdings in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $29,000. Finally, UMB Bank n.a. boosted its holdings in shares of Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 214 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 1.6%

The stock has a market cap of $27.33 billion, a P/E ratio of 33.35, a PEG ratio of 2.17 and a beta of 0.51. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The stock’s fifty day moving average price is $72.20 and its 200 day moving average price is $69.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th were issued a dividend of $0.65 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.3%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 110.17%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.