Restaurant Brands International (NYSE:QSR) Downgraded to "Neutral" Rating by Northcoast Research

Key Points

• Restaurant Brands International has been downgraded from a "buy" rating to a "neutral" rating by Northcoast Research, signaling a shift in analyst sentiment.
• The company's recent quarterly earnings report revealed a missed earnings per share estimate at $0.94, compared to the expected $0.97, despite a revenue increase of 15.9% year-over-year.
• Currently, Restaurant Brands International holds a consensus rating of "Hold" from analysts, with an average price target of $75.04.

Northcoast Research cut shares of Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR from a buy rating to a neutral rating in a research note published on Friday, MarketBeat.com reports.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada decreased their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Melius started coverage on Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 target price for the company. Piper Sandler cut their price target on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Barclays lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Finally, Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Price Performance

NYSE QSR traded up $0.90 on Friday, reaching $63.82. The company's stock had a trading volume of 2,774,120 shares, compared to its average volume of 2,591,517. Restaurant Brands International has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The firm has a market cap of $20.92 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The business has a 50-day moving average price of $65.96 and a 200 day moving average price of $66.49.

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 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 company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

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

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Restaurant Brands International by 55.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock worth $4,759,000 after purchasing an additional 25,292 shares in the last quarter. Aviso Financial Inc. raised its holdings in Restaurant Brands International by 1.2% during the first quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock worth $63,566,000 after acquiring an additional 11,164 shares in the last quarter. Jump Financial LLC acquired a new position in Restaurant Brands International during the first quarter valued at approximately $432,000. Private Trust Co. NA grew its stake in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Restaurant Brands International by 90.9% during the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator's stock worth $37,568,000 after purchasing an additional 268,511 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Company Profile

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.