Restaurant Brands International (NYSE:QSR) PT Raised to $95.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price target increased by Royal Bank of Canada from $90.00 to $95.00 in a research report sent to investors on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the restaurant operator's stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley cut their price target on Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. KeyCorp reduced their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an overweight rating on the stock in a research note on Thursday, June 27th. TD Cowen reissued a buy rating and set a $88.00 price target on shares of Restaurant Brands International in a research note on Thursday, August 8th. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a neutral rating on the stock in a research note on Monday, August 12th. Finally, Genuity Capital Markets dropped their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a neutral rating for the company in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of Moderate Buy and a consensus price target of $83.04.

Restaurant Brands International Price Performance

QSR traded up $0.24 during midday trading on Thursday, hitting $69.15. The company had a trading volume of 1,730,451 shares, compared to its average volume of 1,625,826. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a market capitalization of $21.91 billion, a PE ratio of 17.82, a P/E/G ratio of 2.04 and a beta of 0.93. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The firm's 50-day simple moving average is $70.29 and its 200-day simple moving average is $72.33.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Equities research analysts predict that Restaurant Brands International will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.36%. Restaurant Brands International's dividend payout ratio is 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QSR. Capital Research Global Investors increased its holdings in shares of Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator's stock valued at $1,876,109,000 after purchasing an additional 3,971,774 shares during the last quarter. Norges Bank acquired a new stake in Restaurant Brands International during the fourth quarter worth approximately $243,551,000. D1 Capital Partners L.P. bought a new stake in shares of Restaurant Brands International during the second quarter worth approximately $200,097,000. TD Asset Management Inc boosted its holdings in shares of Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator's stock worth $385,361,000 after acquiring an additional 1,409,552 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Restaurant Brands International by 72.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator's stock valued at $211,059,000 after purchasing an additional 1,119,582 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.