Restaurant Brands International (NYSE:QSR) Price Target Cut to $86.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price target reduced by Oppenheimer from $89.00 to $86.00 in a report issued on Tuesday morning, MarketBeat reports. Oppenheimer currently has an outperform rating on the restaurant operator's stock.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Citigroup upped their price target on Restaurant Brands International from $75.00 to $77.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. KeyCorp decreased their price objective 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. Morgan Stanley cut their target price on Restaurant Brands International from $86.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. Finally, TD Cowen reiterated a "buy" rating and set a $82.00 price target on shares of Restaurant Brands International in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and an average price target of $83.15.

Restaurant Brands International Stock Performance

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

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Sell-side analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued 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 of this dividend was Friday, September 20th. Restaurant Brands International's dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of the business's 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 sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Private Advisor Group LLC acquired a new stake in shares of Restaurant Brands International during the third quarter worth $257,000. Raleigh Capital Management Inc. boosted its holdings in Restaurant Brands International by 12.0% during the third quarter. Raleigh Capital Management Inc. now owns 5,390 shares of the restaurant operator's stock worth $389,000 after buying an additional 577 shares during the last quarter. Blue Trust Inc. grew its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at about $202,000. Finally, Viking Fund Management LLC acquired a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $144,000. 82.29% of the stock is 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.