Restaurant Brands International (NYSE:QSR) Price Target Cut to $80.00 by Analysts at KeyCorp

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective trimmed by KeyCorp from $85.00 to $80.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Evercore ISI lifted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an outperform rating in a research report on Wednesday, February 28th. Citigroup upped their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a neutral rating in a research report on Wednesday, May 1st. TD Securities raised their price target on Restaurant Brands International from $84.00 to $88.00 and gave the company a buy rating in a research report on Wednesday, May 1st. The Goldman Sachs Group began coverage on Restaurant Brands International in a report on Thursday, June 13th. They issued a buy rating and a $80.00 price objective for the company. Finally, Barclays raised their price objective on Restaurant Brands International from $87.00 to $89.00 and gave the company an overweight rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $83.03.

Restaurant Brands International Stock Up 0.2 %

QSR opened at $69.48 on Thursday. The firm has a market capitalization of $22.01 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a fifty day moving average price of $70.75 and a 200-day moving average price of $74.85. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.34%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ali Hedayat sold 8,537 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently modified their holdings of the stock. Capital Research Global Investors raised its position in Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after acquiring an additional 3,971,774 shares in the last quarter. Norges Bank bought a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $243,551,000. TD Asset Management Inc lifted its stake in shares of Restaurant Brands International by 41.0% in the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after buying an additional 1,409,552 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Restaurant Brands International by 72.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after acquiring an additional 1,119,582 shares during the period. Finally, National Bank of Canada FI grew its holdings in Restaurant Brands International by 46.7% in the 4th quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock valued at $173,167,000 after buying an additional 717,801 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.