Truist Financial Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its target price reduced by Truist Financial from $83.00 to $78.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

Several other equities research analysts have also weighed in on QSR. Jefferies Financial Group cut their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Citigroup decreased their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, January 10th. Finally, TD Securities reissued a "hold" rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $76.25.

Restaurant Brands International Trading Up 0.4 %

Shares of NYSE:QSR traded up $0.22 during midday trading on Tuesday, hitting $62.81. The company had a trading volume of 1,546,940 shares, compared to its average volume of 1,853,549. The firm has a fifty day simple moving average of $64.88 and a 200 day simple moving average of $66.14. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.77 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, analysts predict that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.95%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. Restaurant Brands International's payout ratio is presently 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company's stock, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 18,477 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. The trade was a 24.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in Restaurant Brands International by 55.5% during 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 during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Restaurant Brands International by 15.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,679 shares of the restaurant operator's stock worth $378,000 after buying an additional 780 shares during the last quarter. Phillips Wealth Planners LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter worth about $215,000. Bessemer Group Inc. grew its stake in Restaurant Brands International by 113.6% in the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after buying an additional 476 shares during the last quarter. Finally, Strategic Investment Advisors MI lifted its position in Restaurant Brands International by 21.3% during the first quarter. Strategic Investment Advisors MI now owns 8,180 shares of the restaurant operator's stock worth $545,000 after acquiring an additional 1,438 shares during the last quarter. 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.