Restaurant Brands International (NYSE:QSR) Stock Rating Upgraded by Argus

Argus upgraded shares of Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Marketbeat reports.

Other equities analysts also recently issued reports about the stock. Truist Financial dropped their price target on shares of 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. Wells Fargo & Company dropped their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. TD Securities reaffirmed a "hold" rating and issued a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Oppenheimer lowered their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.08.

Remove Ads

Restaurant Brands International Stock Down 1.2 %

NYSE:QSR traded down $0.81 during trading hours on Wednesday, hitting $67.16. 1,683,817 shares of the stock traded hands, compared to its average volume of 1,713,530. The firm has a 50 day moving average price of $64.25 and a 200 day moving average price of $67.24. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $80.02. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities research analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.

Insider Activity at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,226 shares of company stock worth $19,121,223. Company insiders own 1.36% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the stock. Summerhill Capital Management lnc. bought a new position in Restaurant Brands International during the fourth quarter worth about $841,000. Baskin Financial Services Inc. lifted its stake in Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after purchasing an additional 9,208 shares during the period. Aviso Financial Inc. lifted its stake in Restaurant Brands International by 4.1% during the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock worth $61,384,000 after purchasing an additional 37,241 shares during the period. Alberta Investment Management Corp lifted its stake in Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator's stock worth $59,574,000 after purchasing an additional 6,000 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Restaurant Brands International during the fourth quarter worth about $32,000. 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.