2 weeks Ago By ABMN Staff
Shares of Restaurant Brands International Inc. ( NYSE:QSR – Get Free Report ) (TSE:QSR) have been given an average rating of “Moderate Buy” by the twenty-seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company.
The average 1 year target price among brokers that have issued ratings on the stock in the last year is $83.11. Several analysts have recently issued reports on the company.
Royal Bank of Canada increased their target price on Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th.
The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective on the stock.
Truist Financial cut their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th.
Guggenheim lifted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th.
Finally, Wells Fargo & Company decreased their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th.
View Our Latest Report on QSR Insider Activity at Restaurant Brands International Institutional Trading of Restaurant Brands International Large investors have recently modified their holdings of the stock. Capital World Investors boosted its stake in Restaurant Brands International by 1.1% during the first quarter.
Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after acquiring an additional 466,929 shares in the last quarter. Capital Research Global Investors increased its position in Restaurant Brands International by 19.8% in the 4th quarter.
Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after buying an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 1.
2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after acquiring an additional 141,468 shares in the last quarter.
EdgePoint Investment Group Inc. grew its stake in Restaurant Brands International by 4.9% in the second quarter.
EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during the period. Finally, 1832 Asset Management L.
P. increased its holdings in shares of Restaurant Brands International by 15.6% during the second quarter.
1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares in the last quarter.
Institutional investors and hedge funds own 82.29% of the company’s stock. Restaurant Brands International Stock Up 0.
6 % QSR opened at $71.28 on Friday. Restaurant Brands International has a fifty-two week low of $61.
77 and a fifty-two week high of $83.29. The company has a market capitalization of $22.
58 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.13 and a beta of 0.
93. The stock has a fifty day moving average of $69.94 and a 200-day moving average of $71.
55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.
71 and a current ratio of 0.78. Restaurant Brands International ( NYSE:QSR – Get Free Report ) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th.
The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.
01. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.
05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.
78%. On average, equities analysts expect that Restaurant Brands International will post 3.37 EPS for the current year.
Restaurant Brands International Announces Dividend The business 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 $0.58 dividend.
This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.25%.
The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.
About Restaurant Brands International ( Get Free Report 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.
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