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

Key Points

• Analysts give Restaurant Brands International a “Moderate Buy” consensus: 16 analysts rate QSR a buy and eight recommend holding it, with an average 12-month price target of $83.91 versus its recent price of $77.98.
• Institutional ownership is substantial: Hedge funds and other institutions own 82.29% of QSR, with major investors including Capital World Investors, EdgePoint Investment Group, Vanguard and Morgan Stanley increasing their stakes.
• Recent results exceeded expectations and the dividend remains attractive: QSR reported quarterly EPS of $1.07, ahead of the $1.04 consensus, while revenue rose 4.6% year over year. The company declared a $0.65 quarterly dividend, equivalent to a 3.3% annual yield.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR has been assigned an average recommendation of "Moderate Buy" from the twenty-four research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $83.9130.

A number of research firms recently commented on QSR. TD Cowen lifted their target price on Restaurant Brands International from $79.00 to $80.00 and gave the stock a "hold" rating in a report on Thursday, July 9th. Citigroup cut their price target on shares of Restaurant Brands International from $84.00 to $78.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Morgan Stanley raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Finally, Scotiabank dropped their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Capital World Investors boosted its stake in shares of Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator's stock worth $2,969,819,000 after buying an additional 3,095,167 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares during the period. Vanguard Group Inc. raised its position in Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator's stock valued at $1,090,684,000 after acquiring an additional 344,066 shares in the last quarter. Morgan Stanley raised its position in Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator's stock valued at $575,119,000 after acquiring an additional 1,641,870 shares in the last quarter. Finally, Baupost Group LLC MA lifted its holdings in Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator's stock valued at $529,337,000 after acquiring an additional 4,203,300 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

NYSE QSR opened at $77.98 on Friday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The stock's fifty day moving average price is $74.93 and its 200 day moving average price is $74.60. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $81.96. The company has a market cap of $27.23 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.15 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities research analysts forecast that Restaurant Brands International will post 4.03 earnings per share 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. Investors of record on Friday, September 18th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.3%. Restaurant Brands International's payout ratio is currently 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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