Restaurant Brands International Inc. (NYSE:QSR) Receives $75.04 Consensus PT from Brokerages

Key Points

• Restaurant Brands International Inc. has received a consensus rating of "Hold" from 23 analysts, with various buy, hold, and sell recommendations.
• The company reported earnings of $0.94 per share, missing expectations, but revenue for the quarter increased by 15.9% year-over-year to $2.41 billion.
• Restaurant Brands declared a quarterly dividend of $0.62 per share, with a payout ratio of 93.94%, reflecting a robust focus on returning value to shareholders.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR has been given an average rating of "Hold" by the twenty-three brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $75.0417.

A number of research firms recently commented on QSR. Citigroup dropped their price objective on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Oppenheimer increased their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. UBS Group cut their target price on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Piper Sandler cut their target price on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Finally, Barclays cut their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th.

Restaurant Brands International Stock Down 0.8%

Shares of NYSE QSR traded down $0.4830 during trading hours on Monday, hitting $63.3070. The stock had a trading volume of 2,915,922 shares, compared to its average volume of 2,180,002. The firm's 50-day moving average price is $67.14 and its two-hundred day moving average price is $66.65. Restaurant Brands International has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a market capitalization of $20.75 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.75 and a beta of 0.58. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. Analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Raymond James Financial Inc. bought a new position in Restaurant Brands International during the fourth quarter valued at about $19,243,000. Barclays PLC increased its stake in shares of Restaurant Brands International by 45.2% in the fourth quarter. Barclays PLC now owns 51,320 shares of the restaurant operator's stock worth $3,345,000 after purchasing an additional 15,969 shares during the period. Guggenheim Capital LLC increased its stake in shares of Restaurant Brands International by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock worth $224,000 after purchasing an additional 226 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Restaurant Brands International by 3.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 294,126 shares of the restaurant operator's stock worth $19,114,000 after purchasing an additional 9,688 shares during the period. Finally, GeoWealth Management LLC increased its stake in shares of Restaurant Brands International by 7.0% in the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after purchasing an additional 163 shares during the period. 82.29% of the stock is currently owned by institutional investors.

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.