Restaurant Brands International Inc. (NYSE:QSR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a moderately bullish view: Twenty-three analysts give Restaurant Brands International a consensus “Moderate Buy” rating, with 16 buys and 7 holds. The average 12-month price target is $84.04, above the reported $72.41 opening price.
• Quarterly results exceeded expectations: RBI reported adjusted EPS of $1.07, topping estimates of $1.04, while revenue reached $2.52 billion and increased 4.6% year over year.
• The company offers a 3.6% dividend yield: RBI declared a quarterly dividend of $0.65 per share, or $2.60 annualized, with a 69.89% payout ratio. Institutional investors own 82.29% of the company’s stock.

Shares of Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR have earned an average recommendation of "Moderate Buy" from the twenty-three analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $84.0435.

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Monday, August 24th. Weiss Ratings upgraded Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Royal Bank Of Canada set a $85.00 target price on Restaurant Brands International and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley lifted their price target on Restaurant Brands International from $78.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $72.41 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The firm's fifty day simple moving average is $76.12 and its 200 day simple moving average is $75.55. The stock has a market cap of $25.25 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. Restaurant Brands International has a twelve month low of $63.43 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. As a group, research analysts predict that Restaurant Brands International will post 4.04 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Restaurant Brands International's payout ratio is 69.89%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Platinum Paramount Investment LTD. purchased a new position in shares of Restaurant Brands International in the 4th quarter worth about $281,033,000. Norges Bank purchased a new stake in Restaurant Brands International during the 4th quarter valued at about $260,709,000. Capital World Investors grew its position in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator's stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares during the last quarter. Bank of America Corp DE increased its stake in Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator's stock valued at $364,524,000 after purchasing an additional 2,910,454 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 16.2% during the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock valued at $1,432,015,000 after purchasing an additional 2,703,134 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 NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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