Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) had its target price lowered by Scotiabank from $83.00 to $81.00 in a report issued on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the restaurant operator’s stock.
A number of other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. UBS Group lifted their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Finally, Wells Fargo & Company increased their price objective on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.74.
Read Our Latest Report on Restaurant Brands International
Restaurant Brands International Stock Performance
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that Restaurant Brands International will post 4.04 earnings per share for the current year.
Restaurant Brands International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.
Institutional Investors Weigh In On Restaurant Brands International
A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Restaurant Brands International in the 2nd quarter valued at approximately $78,678,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $13,758,000. Hardy Reed LLC acquired a new stake in Restaurant Brands International in the 2nd quarter valued at approximately $394,000. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Restaurant Brands International by 10.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 61,062 shares of the restaurant operator’s stock valued at $4,427,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Restaurant Brands International in the second quarter valued at approximately $313,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.
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.
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