Restaurant Brands International (NYSE:QSR) Price Target Raised to $74.00 at Guggenheim

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by Guggenheim from $73.00 to $74.00 in a report published on Monday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts also recently weighed in on QSR. Genuity Capital Markets decreased their price target on Restaurant Brands International from $74.00 to $73.00 and set a neutral rating for the company in a report on Thursday, May 30th. Truist Financial lowered their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a buy rating on the stock in a report on Monday, August 19th. KeyCorp dropped their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set an overweight rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada restated an outperform rating and issued a $90.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 9th. Finally, Morgan Stanley dropped their target price on Restaurant Brands International from $86.00 to $83.00 and set an equal weight rating on the stock in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $83.07.

Restaurant Brands International Trading Up 0.3 %

NYSE QSR opened at $67.81 on Monday. The firm’s fifty day moving average is $70.37 and its two-hundred day moving average is $72.44. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The firm has a market cap of $21.50 billion, a PE ratio of 17.48, a P/E/G ratio of 2.04 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Analysts expect that Restaurant Brands International will post 3.36 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s payout ratio is 59.79%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently made changes to their positions in QSR. Parallel Advisors LLC boosted its holdings in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 153 shares during the last quarter. Bleakley Financial Group LLC increased its position in Restaurant Brands International by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares in the last quarter. First Horizon Advisors Inc. increased its position in Restaurant Brands International by 4.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 160 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Restaurant Brands International by 3.6% in the first quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 170 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 203 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.