Restaurant Brands International (NYSE:QSR) Lowered to Hold Rating by TD Cowen

TD Cowen downgraded shares of Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR from a buy rating to a hold rating in a research report sent to investors on Friday, Marketbeat Ratings reports. The firm currently has $70.00 price target on the restaurant operator's stock.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price target on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a report on Friday, January 10th. Truist Financial dropped their price target on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI decreased their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.96.

Restaurant Brands International Stock Up 0.3 %

Shares of QSR traded up $0.17 during trading hours on Friday, hitting $64.69. The company had a trading volume of 2,424,641 shares, compared to its average volume of 2,313,588. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $20.99 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a one year low of $59.67 and a one year high of $83.29. The company's fifty day moving average price is $64.13 and its two-hundred day moving average price is $67.98.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. As a group, equities analysts forecast that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, March 21st. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares of the company's stock, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 in the last 90 days. 1.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the business. Dunhill Financial LLC increased its position in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC increased its holdings in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International during the fourth quarter worth $32,000. Finally, IFP Advisors Inc lifted its holdings in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 412 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.