Restaurant Brands International Inc. (NYSE:QSR) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately bullish: 16 of 25 covering brokerages rate QSR a buy, while nine recommend holding; the average 12-month price target is $83.92.
• Latest quarterly results were mixed: earnings of $1.10 per share beat estimates by $0.02, but revenue of $2.52 billion fell short of forecasts; revenue grew 3.1% year over year.
• Quarterly dividend declared: shareholders are set to receive $0.65 per share, equivalent to $2.60 annually and a 3.4% yield at the article’s cited share price.

Shares of Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR have been given a consensus recommendation of "Moderate Buy" by the twenty-five brokerages that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $83.92.

A number of research analysts have recently commented on QSR shares. Guggenheim boosted their price target on shares of Restaurant Brands International from $85.00 to $86.00 and gave the company a "buy" rating in a research report on Friday, September 18th. TD Cowen reaffirmed a "hold" rating and issued a $78.00 price target on shares of Restaurant Brands International in a report on Thursday, October 29th. Scotiabank lowered their price objective on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. Evercore reissued an "outperform" rating and set a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. Finally, Jefferies Financial Group reduced their target price on Restaurant Brands International from $82.00 to $78.00 and set an "overweight" rating for the company in a research report on Tuesday, September 29th.

Insider Activity

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares in the company, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Groupe la Francaise purchased a new position in Restaurant Brands International in the 2nd quarter worth approximately $27,000. Western Wealth Management LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter valued at $28,000. NFSG Corp purchased a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $28,000. CoreCap Advisors LLC lifted its holdings in shares of Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Restaurant Brands International during the 2nd quarter worth $37,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

NYSE QSR opened at $77.58 on Wednesday. The company has a market cap of $27.04 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.29 and a beta of 0.57. Restaurant Brands International has a 52 week low of $65.43 and a 52 week high of $81.96. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 2.43. The firm's 50-day simple moving average is $74.24 and its two-hundred day simple moving average is $74.22.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.02. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Restaurant Brands International had a return on equity of 33.50% and a net margin of 15.35%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Research analysts predict that Restaurant Brands International will post 4.05 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 22nd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. Restaurant Brands International's dividend payout ratio (DPR) is presently 60.47%.

About Restaurant Brands International

Restaurant Brands International Inc. is a global quick-service restaurant company that owns and operates the Burger King, Tim Hortons, Popeyes and Firehouse Subs brands. Its restaurants serve a range of products, including burgers, coffee and baked goods, fried chicken, and sandwiches. The company primarily grows its brands through a network of franchised restaurants, alongside some company-operated locations. Its brands serve customers in numerous countries and territories around the world. Restaurant Brands International was formed in 2014 through the combination of Burger King and Tim Hortons.

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