Restaurant Brands International (QSR) Given New $70.00 Price Target at Wells Fargo & Co

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by Wells Fargo & Co from $68.00 to $70.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. Wells Fargo & Co currently has a market perform rating on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on QSR. Zacks Investment Research cut Restaurant Brands International from a hold rating to a sell rating in a report on Tuesday, January 8th. BMO Capital Markets upgraded Restaurant Brands International from a market perform rating to an outperform rating and set a $63.11 price target for the company in a report on Wednesday, January 23rd. ValuEngine cut Restaurant Brands International from a buy rating to a hold rating in a report on Saturday, February 23rd. Citigroup raised their price target on Restaurant Brands International from $65.00 to $75.00 and gave the company a buy rating in a report on Thursday, February 14th. Finally, UBS Group set a $74.00 price target on Restaurant Brands International and gave the company a buy rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $69.90.

NYSE:QSR opened at $66.36 on Tuesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.07 and a quick ratio of 1.01. Restaurant Brands International has a 12-month low of $50.20 and a 12-month high of $66.91. The stock has a market cap of $16.81 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.42.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.01%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 76.05%.

In other news, insider Alexandre Macedo sold 191,964 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $63.88, for a total value of $12,262,660.32. Following the completion of the sale, the insider now directly owns 103,773 shares of the company’s stock, valued at approximately $6,629,019.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.30, for a total value of $2,219,188.30. Following the completion of the sale, the insider now directly owns 276,457 shares of the company’s stock, valued at $17,223,271.10. The disclosure for this sale can be found here. Insiders sold a total of 441,162 shares of company stock valued at $28,000,343 over the last ninety days. Corporate insiders own 3.78% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Chartwell Investment Partners LLC lifted its stake in shares of Restaurant Brands International by 3.1% in the 1st quarter. Chartwell Investment Partners LLC now owns 150,748 shares of the restaurant operator’s stock valued at $9,815,000 after purchasing an additional 4,502 shares during the last quarter. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $97,047,000. Dimensional Fund Advisors LP lifted its stake in shares of Restaurant Brands International by 39.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,248 shares of the restaurant operator’s stock worth $1,007,000 after acquiring an additional 5,401 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Restaurant Brands International by 32.2% during the 4th quarter. Millennium Management LLC now owns 1,942,750 shares of the restaurant operator’s stock worth $101,606,000 after acquiring an additional 472,955 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Restaurant Brands International by 2.0% during the 4th quarter. Legal & General Group Plc now owns 787,274 shares of the restaurant operator’s stock worth $41,111,000 after acquiring an additional 15,372 shares during the last quarter. 82.95% of the stock is owned by institutional investors and hedge funds.

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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