Restaurant Brands International Inc (QSR) Receives Consensus Recommendation of “Buy” from Analysts

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $69.56.

Several brokerages recently issued reports on QSR. Mizuho downgraded shares of Restaurant Brands International from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research note on Wednesday. UBS Group set a $74.00 target price on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday. Barclays began coverage on shares of Restaurant Brands International in a research note on Friday, March 8th. They issued an “overweight” rating and a $61.27 target price for the company. ValuEngine downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, Citigroup raised their target price on shares of Restaurant Brands International from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 14th.

NYSE:QSR traded down $0.74 during mid-day trading on Wednesday, hitting $62.97. The stock had a trading volume of 520,089 shares, compared to its average volume of 1,545,261. Restaurant Brands International has a twelve month low of $50.20 and a twelve month high of $65.59. The company has a market capitalization of $15.95 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.01 and a current ratio of 1.07.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, February 11th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Restaurant Brands International had a net margin of 11.42% and a return on equity of 30.16%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $0.66 EPS. Restaurant Brands International’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Restaurant Brands International will post 2.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.18%. Restaurant Brands International’s dividend payout ratio (DPR) is 76.05%.

In other news, COO Joshua Kobza sold 113,577 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $64.41, for a total transaction of $7,315,494.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total transaction of $2,219,188.30. Following the transaction, the insider now directly owns 276,457 shares in the company, valued at $17,223,271.10. The disclosure for this sale can be found here. Insiders have sold 441,162 shares of company stock valued at $28,000,343 over the last 90 days. Company insiders own 3.78% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jarislowsky Fraser Ltd increased its holdings in shares of Restaurant Brands International by 7.9% during the fourth quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock worth $370,950,000 after purchasing an additional 519,346 shares during the period. FIL Ltd lifted its holdings in shares of Restaurant Brands International by 22.2% during the third quarter. FIL Ltd now owns 7,031,186 shares of the restaurant operator’s stock worth $416,324,000 after purchasing an additional 1,278,277 shares during the period. Capital World Investors lifted its holdings in shares of Restaurant Brands International by 29.0% during the third quarter. Capital World Investors now owns 6,681,995 shares of the restaurant operator’s stock worth $396,022,000 after purchasing an additional 1,502,799 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Restaurant Brands International by 3.2% during the third quarter. Vanguard Group Inc. now owns 5,940,528 shares of the restaurant operator’s stock worth $352,154,000 after purchasing an additional 184,714 shares during the period. Finally, Vanguard Group Inc lifted its holdings in shares of Restaurant Brands International by 3.2% during the third quarter. Vanguard Group Inc now owns 5,940,528 shares of the restaurant operator’s stock worth $352,154,000 after purchasing an additional 184,714 shares during the period. 82.93% of the stock is currently owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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