Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) had its price objective trimmed by Scotiabank from $83.00 to $81.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the restaurant operator’s stock.
Other equities research analysts have also recently issued reports about the company. Guggenheim increased their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. KeyCorp boosted their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley raised their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.74.
View Our Latest Stock Report on QSR
Restaurant Brands International Stock Up 0.1%
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. Restaurant Brands International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. Equities research analysts expect that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.
Restaurant Brands International Dividend Announcement
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 given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s payout ratio is 69.89%.
Institutional Trading of Restaurant Brands International
Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in Restaurant Brands International by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after acquiring an additional 154 shares in the last quarter. Capital Analysts LLC lifted its stake in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 158 shares during the period. Private Advisor Group LLC boosted its holdings in Restaurant Brands International by 4.1% in the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 170 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of Restaurant Brands International by 1.9% in the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after buying an additional 179 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Restaurant Brands International by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock valued at $3,967,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.
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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