Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) PT at $75.04

Key Points

• Restaurant Brands International Inc. has received a consensus rating of "Hold" from 23 brokerage firms, with one sell, eleven hold, and eleven buy recommendations.
• The company reported earnings of $0.94 per share for the last quarter, missing estimates by $0.03, despite a 15.9% year-over-year revenue increase to $2.41 billion.
• Restaurant Brands International is set to distribute a quarterly dividend of $0.62 per share on October 7th, with a current annualized yield of 3.9%.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR has been assigned an average recommendation of "Hold" from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $75.0417.

Several research firms have issued reports on QSR. Guggenheim upped their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Piper Sandler dropped their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Oppenheimer increased their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Finally, Northcoast Research lowered shares of Restaurant Brands International from a "buy" rating to a "neutral" rating in a research report on Friday, September 12th.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Restaurant Brands International by 16.7% in the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock valued at $1,507,839,000 after purchasing an additional 3,230,735 shares during the period. Vanguard Group Inc. raised its position in shares of Restaurant Brands International by 8.0% in the second quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator's stock valued at $1,015,137,000 after purchasing an additional 1,134,665 shares during the period. EdgePoint Investment Group Inc. raised its position in shares of Restaurant Brands International by 7.0% in the first quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator's stock valued at $914,463,000 after purchasing an additional 896,034 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Restaurant Brands International by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock valued at $540,352,000 after purchasing an additional 47,192 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of Restaurant Brands International by 4.3% in the first quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator's stock valued at $463,798,000 after purchasing an additional 289,233 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Up 0.0%

Shares of QSR stock traded up $0.01 during trading on Friday, reaching $63.86. The company's stock had a trading volume of 2,474,248 shares, compared to its average volume of 2,739,841. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The business has a fifty day moving average price of $65.72 and a 200-day moving average price of $66.44. Restaurant Brands International has a one year low of $58.71 and a one year high of $74.09. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company posted $0.86 earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. Restaurant Brands International's dividend payout ratio is presently 93.94%.

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.