Restaurant Brands International (NYSE:QSR) Price Target Raised to $81.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its target price boosted by Truist Financial from $78.00 to $81.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator's stock.

A number of other research firms also recently weighed in on QSR. Citigroup reduced their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer lifted their price target on shares of 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 reduced their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Robert W. Baird dropped their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.82.

Restaurant Brands International Price Performance

QSR traded down $0.91 on Wednesday, hitting $67.29. 2,632,697 shares of the stock were exchanged, compared to its average volume of 2,106,033. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $75.07. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.02 and a beta of 0.58. The business has a 50-day moving average of $68.41 and a two-hundred day moving average of $65.65.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. Restaurant Brands International's payout ratio is 84.07%.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of QSR. Dunhill Financial LLC boosted its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International in the fourth quarter valued at approximately $32,000. Private Trust Co. NA grew its holdings in Restaurant Brands International by 96.6% during 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 during the period. Finally, Smartleaf Asset Management LLC increased its position in Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock worth $35,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors 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.