Restaurant Brands International - QSR Stock Forecast, Price & News

Restaurant Brands International Inc. operates as quick service restaurant company in Canada 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 others. It is also involved in owning and franchising BK, a fast food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS restaurants quick service restaurants that offer subs, soft drinks, and local specialties. As of February 15, 2022, the company had approximately 29,000 restaurants in 100 countries under the Tim Hortons, Burger King, Popeyes, And Firehouse Subs brands. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.

Restaurant Brands International Stock Performance

Shares of TSE:QSR traded down C$0.14 during midday trading on Wednesday, hitting C$77.94. The company has a current ratio of 0.89, a quick ratio of 0.79 and a debt-to-equity ratio of 371.27. The stock has a fifty day simple moving average of C$67.76 and a two-hundred day simple moving average of C$69.88. The firm has a market cap of C$23.86 billion and a PE ratio of 23.31. Restaurant Brands International has a 52-week low of C$60.37 and a 52-week high of C$83.09.

Restaurant Brands International Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be paid a $0.691 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, September 20th. Restaurant Brands International's dividend payout ratio is currently 63.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QSR. Morgan Stanley dropped their price objective on Restaurant Brands International to C$52.00 and set a "sell" rating for the company in a research note on Monday, July 18th. Barclays decreased their price objective on Restaurant Brands International to C$77.00 and set an "overweight" rating on the stock in a research report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a C$64.00 price target on shares of Restaurant Brands International in a report on Monday, July 11th. Stifel Nicolaus downgraded Restaurant Brands International from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$68.00 to C$58.00 in a report on Tuesday, May 3rd. Finally, UBS Group reissued an "outperform" rating and issued a C$75.00 price objective on shares of Restaurant Brands International in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Hold" and an average target price of C$68.08.