UBS Group Reiterates “Buy” Rating for Restaurant Brands International (NYSE:QSR)

UBS Group reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note published on Friday morning, Briefing.com Automated Import reports. UBS Group currently has a $79.00 price target on the restaurant operator’s stock, up from their previous price target of $74.00.

Other analysts also recently issued research reports about the stock. Wells Fargo & Co lifted their price target on shares of Restaurant Brands International from $68.00 to $70.00 and gave the company a market perform rating in a research report on Tuesday, April 16th. Mizuho downgraded shares of Wendys from a buy rating to a neutral rating and set a $18.00 price target for the company. in a research report on Wednesday, March 20th. Longbow Research cut Restaurant Brands International from a neutral rating to an underperform rating and dropped their price objective for the company from $70.50 to $55.00 in a research note on Monday, May 13th. Credit Suisse Group initiated coverage on Arco Platform in a research note on Tuesday, June 25th. They set a neutral rating on the stock. Finally, Zacks Investment Research cut Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. Restaurant Brands International currently has a consensus rating of Buy and a consensus target price of $70.77.

Shares of QSR stock opened at $72.19 on Friday. The firm has a market cap of $18.59 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.26. Restaurant Brands International has a 52 week low of $50.20 and a 52 week high of $73.08. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 3.47. The stock’s 50 day moving average is $68.68.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Restaurant Brands International will post 2.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, June 14th. Restaurant Brands International’s payout ratio is 76.05%.

In related news, CEO Jose E. Cil sold 127,557 shares of Restaurant Brands International stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total value of $8,709,591.96. Following the completion of the sale, the chief executive officer now owns 558,889 shares of the company’s stock, valued at approximately $38,160,940.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel S. Schwartz sold 1,041,882 shares of Restaurant Brands International stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $67.88, for a total value of $70,722,950.16. Following the completion of the sale, the insider now directly owns 461,637 shares of the company’s stock, valued at approximately $31,335,919.56. The disclosure for this sale can be found here. Insiders own 4.13% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. NN Investment Partners Holdings N.V. grew its stake in Restaurant Brands International by 4.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 38,581 shares of the restaurant operator’s stock worth $2,683,000 after purchasing an additional 1,696 shares during the period. Crossmark Global Holdings Inc. grew its stake in Restaurant Brands International by 1.0% in the second quarter. Crossmark Global Holdings Inc. now owns 23,379 shares of the restaurant operator’s stock worth $1,626,000 after purchasing an additional 239 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in Restaurant Brands International by 12.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 116,381 shares of the restaurant operator’s stock worth $7,578,000 after purchasing an additional 12,723 shares during the period. FMR LLC grew its stake in Restaurant Brands International by 0.4% in the first quarter. FMR LLC now owns 1,503,426 shares of the restaurant operator’s stock worth $97,810,000 after purchasing an additional 6,505 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in Restaurant Brands International in the first quarter worth $333,000. 79.36% 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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