Restaurant Brands International Inc. (NYSE:QSR) Stock Has Consensus Target Price of $83.75 According to Brokerages

Key Points

• Analysts maintain a moderately bullish outlook: Restaurant Brands International has a consensus “Moderate Buy” rating from 24 analysts, with 16 buys and 8 holds. The average 12-month price target is $83.75, above the stock’s cited $74.94 price.
• Recent results exceeded expectations: The company reported quarterly EPS of $1.07 versus the $1.04 consensus estimate, while revenue reached $2.52 billion, up 4.6% year over year. Analysts expect full-year EPS of $4.19.
• Investors receive a 3.5% dividend yield: QSR declared a quarterly dividend of $0.65, equivalent to $2.60 annually, with a payout ratio of 69.89%. Institutional investors own 82.29% of the company, while an insider recently sold 57,574 shares.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR has been given a consensus rating of "Moderate Buy" by the twenty-four analysts that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $83.75.

Several equities analysts recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Restaurant Brands International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 29th. CL King set a $80.00 price objective on shares of Restaurant Brands International in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft dropped 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. Royal Bank Of Canada set a $85.00 price objective on shares of Restaurant Brands International and gave the company an "outperform" rating in a report on Tuesday, July 28th. Finally, Argus restated a "hold" rating on shares of Restaurant Brands International in a research report on Friday, September 25th.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.22% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds have recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. lifted its position in shares of 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 acquiring an additional 2,703,134 shares during the period. Bank of America Corp DE increased its position in shares of Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator's stock worth $364,524,000 after purchasing an additional 2,910,454 shares during the period. Platinum Paramount Investment LTD. bought a new position in shares of Restaurant Brands International in the fourth quarter worth $281,033,000. Canoe Financial LP increased its position in shares of Restaurant Brands International by 34.5% in the first quarter. Canoe Financial LP now owns 3,348,043 shares of the restaurant operator's stock worth $247,664,000 after purchasing an additional 858,490 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in Restaurant Brands International by 4.4% in the third quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator's stock valued at $180,116,000 after purchasing an additional 109,723 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

QSR opened at $74.94 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 business has a fifty day simple moving average of $75.06 and a 200 day simple moving average of $75.28. Restaurant Brands International has a 1 year low of $64.52 and a 1 year high of $81.96. The company has a market capitalization of $26.14 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the business earned $0.94 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that Restaurant Brands International will post 4.19 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, September 18th. Restaurant Brands International's payout ratio is presently 69.89%.

Restaurant Brands International Company Profile

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 Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company's brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.

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