Restaurant Brands International (NYSE:QSR) PT Lowered to $87.00 at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective trimmed by Truist Financial from $90.00 to $87.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other brokerages have also weighed in on QSR. Scotiabank boosted their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an outperform rating in a research note on Monday, April 29th. The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a research note on Thursday, June 13th. They set a buy rating and a $80.00 target price for the company. Robert W. Baird boosted their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Citigroup boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a neutral rating in a research note on Wednesday, May 1st. Finally, TD Securities upped their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $82.93.

Restaurant Brands International Stock Performance

QSR stock opened at $72.03 on Tuesday. The stock has a market capitalization of $22.82 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The stock’s 50 day simple moving average is $69.96 and its 200 day simple moving average is $74.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, research analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 21st were paid a dividend of $0.58 per share. The ex-dividend date was Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.22%. Restaurant Brands International’s payout ratio is 59.79%.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at $44,783,579.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board grew its stake in shares of Restaurant Brands International by 103.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 93,485 shares of the restaurant operator’s stock worth $6,254,000 after acquiring an additional 47,585 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Restaurant Brands International during the third quarter worth $5,619,000. Vanguard Group Inc. raised its holdings in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after buying an additional 203,594 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Restaurant Brands International by 219.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 686 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 471 shares during the period. Finally, Harbour Capital Advisors LLC lifted its position in shares of Restaurant Brands International by 61.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 5,950 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 2,275 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.