Bank of America Raises Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its target price upped by Bank of America from $76.00 to $77.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an underperform rating on the restaurant operator's stock.

QSR has been the topic of a number of other research reports. Morgan Stanley dropped their price objective 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. Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Royal Bank of Canada boosted their target price on Restaurant Brands International from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, September 12th. KeyCorp decreased their target price on Restaurant Brands International from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, June 27th. Finally, Citigroup boosted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.15.

Restaurant Brands International Stock Down 0.9 %

Shares of Restaurant Brands International stock traded down $0.62 on Tuesday, reaching $72.13. 1,154,623 shares of the company were exchanged, compared to its average volume of 1,586,112. Restaurant Brands International has a one year low of $64.91 and a one year high of $83.29. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.12 and a beta of 0.94. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The company has a 50-day moving average of $70.31 and a 200 day moving average of $70.65.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. On average, equities research analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

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

Insider Buying and Selling

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company'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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated 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 approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares of the company's stock, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently bought and sold shares of QSR. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at about $25,000. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International in the first quarter valued at about $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at about $59,000. BNP Paribas Financial Markets increased its stake in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after buying an additional 203 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Restaurant Brands International during the first quarter worth approximately $94,000. 82.29% of the stock is currently owned by institutional investors.

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.