Citigroup Boosts Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price objective upped by Citigroup from $75.00 to $77.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the restaurant operator's stock.

Several other research firms also recently commented on QSR. Royal Bank of Canada raised their target price on Restaurant Brands International from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. KeyCorp dropped their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, June 27th. Bank of America boosted their target price on Restaurant Brands International from $72.00 to $79.00 and gave the stock an "underperform" rating in a report on Wednesday, July 17th. Finally, Truist Financial decreased their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $83.04.

Restaurant Brands International Stock Performance

QSR traded up $0.93 on Wednesday, hitting $72.14. The company had a trading volume of 1,117,104 shares, compared to its average volume of 1,592,512. Restaurant Brands International has a 1-year low of $62.76 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The company's fifty day moving average price is $70.21 and its 200 day moving average price is $70.81. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Equities analysts predict that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Friday, September 20th. Restaurant Brands International's dividend payout ratio (DPR) is currently 59.79%.

Insider Buying and Selling 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 on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on 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 directly owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. bought a new position in shares of Restaurant Brands International in the second quarter worth approximately $200,097,000. TD Asset Management Inc raised its position in shares of Restaurant Brands International by 41.0% during the 1st quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator's stock valued at $385,361,000 after buying an additional 1,409,552 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Restaurant Brands International by 72.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator's stock worth $211,059,000 after acquiring an additional 1,119,582 shares during the last quarter. 1832 Asset Management L.P. grew its position in Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator's stock worth $403,398,000 after acquiring an additional 773,783 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock worth $811,907,000 after purchasing an additional 536,124 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 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.