Restaurant Brands International (QSR) Given “Outperform” Rating at Evercore ISI

Evercore ISI restated their outperform rating on shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) in a research report report published on Tuesday.

QSR has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on shares of Restaurant Brands International to C$97.00 and gave the stock an outperform rating in a report on Monday, October 23rd. CSFB raised shares of Restaurant Brands International from a neutral rating to an outperform rating in a report on Thursday, September 7th. Finally, Evercore reaffirmed an outperform rating on shares of Restaurant Brands International in a report on Tuesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Restaurant Brands International presently has a consensus rating of Buy and an average target price of C$81.25.

Shares of Restaurant Brands International (TSE QSR) opened at C$78.52 on Tuesday. Restaurant Brands International has a twelve month low of C$62.75 and a twelve month high of C$88.36.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a dividend of $0.262 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, December 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio is 78.72%.

In other news, insider José E. Cil sold 20,449 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total value of C$1,329,185.00. Also, insider José E. Cil sold 23,732 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of C$64.00, for a total transaction of C$1,518,848.00. Insiders have sold a total of 303,101 shares of company stock worth $19,528,386 in the last ninety days.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (TSE:QSR)

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