Restaurant Brands International Inc. (NYSE:QSR) Receives an Average Rating of “Hold” by Brokerages
Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received an average rating of “Hold” from the twenty-five rating agencies that cover the stock, Marketbeat Ratings reports. Two research analysts rated the stock with a sell recommendation, ten assigned a hold recommendation and eleven gave the company a buy recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $69.48.
QSR has been the subject of several analyst reports. Morgan Stanley downgraded Restaurant Brands International from an “equal weight” rating to an “underweight” rating and reduced its price target for the stock from $66.00 to $60.00 in a research report from the Friday January 14. BMO Capital Markets downgraded Restaurant Brands International from an “outperforming” rating to a “market performance” rating and lowered its price target for the stock from $80.00 to $63.00 in a report of research from Monday, October 25. Credit Suisse Group cut its price target on Restaurant Brands International from $76.00 to $73.00 and set an “outperform” rating for the company in a Tuesday, October 26 research report. Stephens raised his target price on Restaurant Brands International from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Citigroup reduced its price target on Restaurant Brands International from $78.00 to $71.00 and set a “buy” rating for the company in a Tuesday, November 16 research report.
QSR stock traded down $0.04 midday on Friday, hitting $57.05. The company had a trading volume of 946,029 shares, compared to its average volume of 1,315,788. The company has a quick ratio of 1.42, a current ratio of 1.47 and a leverage ratio of 3 ,09. The stock has a 50-day moving average price of $57.58 and a 200-day moving average price of $59.89. Restaurant Brands International has a fifty-two week low of $53.47 and a fifty-two week high of $71.12. The company has a market capitalization of $17.65 billion, a PE ratio of 23.57, a P/E/G ratio of 1.46 and a beta of 1.09.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last reported results on Monday, February 14. The restaurateur reported EPS of $0.74 for the quarter, beating the Zacks consensus estimate of $0.69 by $0.05. Restaurant Brands International had a return on equity of 26.93% and a net margin of 13.51%. The company posted revenue of $1.55 billion in the quarter, versus a consensus estimate of $1.50 billion. During the same period a year earlier, the company posted earnings per share of $0.53. Restaurant Brands International quarterly revenue increased 13.8% over the same quarter last year. Research analysts expect Restaurant Brands International to post an EPS of 2.78 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 6. Shareholders of record on Wednesday, March 23 will receive a dividend of $0.54. The ex-dividend date is Tuesday, March 22. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.53. This represents a dividend of $2.16 on an annualized basis and a dividend yield of 3.79%. Restaurant Brands International’s dividend payout ratio is 87.60%.
Separately, CEO Jose E. Cil sold 17,255 shares of the company in a trade on Wednesday, January 5. The shares were sold at an average price of $58.62, for a total value of $1,011,488.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, insider Jill Granat sold 7,869 shares of the company in a trade dated Wednesday, January 5. The shares were sold at an average price of $58.62, for a total transaction of $461,280.78. The disclosure of this sale can be found here. Insiders sold 46,498 shares of the company worth $2,725,713 in the past ninety days. 1.88% of the shares are currently held by insiders of the company.
A number of hedge funds have recently increased or reduced their stakes in the company. murchinson ltd. acquired a new position in Restaurant Brands International stock during the fourth quarter valued at approximately $247,878,000. Mufg Securities Canada LTD. increased its position in Restaurant Brands International shares by 1,058.4% during the fourth quarter. Mufg Securities Canada LTD. now owns 1,908,323 shares of the restaurateur valued at $115,836,000 after purchasing an additional 1,743,582 shares in the last quarter. Capital World Investors increased its position in Restaurant Brands International shares by 3.7% during the fourth quarter. Capital World Investors now owns 37,476,766 shares of the restaurateur valued at $2,273,888,000 after buying an additional 1,326,036 shares in the last quarter. Boston Partners increased its position in Restaurant Brands International shares by 2,851.2% during the fourth quarter. Boston Partners now owns 1,347,994 shares of the restaurateur valued at $81,736,000 after purchasing an additional 1,302,318 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its position in Restaurant Brands International shares by 7.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 15,784,671 shares of the restaurant owner valued at $954,347,000 after purchasing an additional 1,120,706 shares in the last quarter.
Restaurant Brands International Company Profile
Restaurant Brands International, Inc. is a holding company that operates quick-service restaurants. It operates through the following segments: Tim Hortons, Burger King and Popeyes. The Tim Hortons segment provides donut, coffee and tea catering services. The Burger King segment operates a fast food hamburger restaurant.
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