Restaurant Brands International (NYSE:QSR) Given New $77.00 Price Target at Royal Bank Of Canada

Key Points

• Restaurant Brands International's target price has been decreased by the Royal Bank Of Canada from $80.00 to $77.00, suggesting a potential upside of 18.74% from its current price.
• The company reported $0.94 earnings per share for the last quarter, which fell short of analysts' expectations of $0.97, but its revenue increased by 15.9% year-over-year.
• Insider activity reveals that Jacqueline Friesner sold 70,000 shares of stock, decreasing her ownership by 27.68%, which has raised concerns among investors.

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price objective lowered by Royal Bank Of Canada from $80.00 to $77.00 in a report released on Friday morning, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the restaurant operator's stock.

A number of other analysts have also commented on the company. Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a research note on Friday. Bank of America decreased their price target on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research note on Friday, July 18th. Citigroup raised their price target on Restaurant Brands International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Melius began coverage on Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 price target on the stock. Finally, Truist Financial raised their price target on Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.04.

Restaurant Brands International Price Performance

Shares of QSR traded up $0.51 during trading hours on Friday, reaching $65.32. 216,633 shares of the company traded hands, compared to its average volume of 2,482,128. 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 stock has a market capitalization of $21.41 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.58. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The stock has a fifty day simple moving average of $67.88 and a 200 day simple moving average of $66.52.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted 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). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. As a group, research analysts predict 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. Investors 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 dividend yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio (DPR) is presently 93.94%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.25% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors increased its holdings in Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Royal Bank of Canada increased its holdings in Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock worth $1,507,839,000 after purchasing an additional 3,230,735 shares during the last quarter. Vanguard Group Inc. increased its holdings in Restaurant Brands International by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator's stock worth $1,015,137,000 after purchasing an additional 1,134,665 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 7.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator's stock worth $914,463,000 after purchasing an additional 896,034 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after purchasing an additional 47,192 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.