Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) has been assigned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $83.5417.
QSR has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. KeyCorp lifted their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. UBS Group lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup dropped their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Truist Financial lifted their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd.
Read Our Latest Research Report on Restaurant Brands International
Restaurant Brands International Price Performance
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Analysts forecast that Restaurant Brands International will post 4.07 EPS for the current year.
Restaurant Brands International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is presently 91.55%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Restaurant Brands International by 4.8% in the first quarter. NewEdge Advisors LLC now owns 6,126 shares of the restaurant operator’s stock valued at $453,000 after acquiring an additional 279 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Restaurant Brands International in the first quarter valued at approximately $1,462,000. Western Wealth Management LLC bought a new position in Restaurant Brands International in the first quarter valued at approximately $28,000. Bank of America Corp DE increased its stake in Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after acquiring an additional 2,910,454 shares during the last quarter. Finally, Strategic Investment Advisors MI increased its stake in Restaurant Brands International by 77.3% in the first quarter. Strategic Investment Advisors MI now owns 10,946 shares of the restaurant operator’s stock valued at $810,000 after acquiring an additional 4,772 shares during the last quarter. 82.29% of the stock is owned by institutional investors.
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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