Restaurant Brands International (NYSE:QSR) Price Target Lowered to $90.00 at Royal Bank of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective decreased by Royal Bank of Canada from $95.00 to $90.00 in a report issued on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the restaurant operator’s stock.

Several other research analysts have also commented on QSR. KeyCorp lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Piper Sandler decreased their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Morgan Stanley decreased their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $82.65.

Restaurant Brands International Trading Up 1.0 %

Shares of QSR traded up $0.66 during midday trading on Wednesday, hitting $68.92. 256,285 shares of the stock were exchanged, compared to its average volume of 1,579,017. Restaurant Brands International has a 52-week low of $65.87 and a 52-week high of $83.29. The stock has a fifty day simple moving average of $70.23 and a 200 day simple moving average of $70.54. The firm has a market cap of $22.31 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.09 and a beta of 0.94. 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) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. On average, research analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of QSR. Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $48,000. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $61,000. BNP Paribas Financial Markets boosted its stake in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 203 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors 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.