Restaurant Brands International Inc. (NYSE:QSR) Given Average Recommendation of “Moderate Buy” by Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received an average rating of “Moderate Buy” from the twenty-eight research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.22.

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Citigroup upped their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. TD Cowen reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a report on Thursday, August 8th. 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. Finally, Morgan Stanley cut their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of Restaurant Brands International in the 1st quarter worth $25,000. Oakworth Capital Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth about $30,000. Montag A & Associates Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth about $30,000. Fifth Third Bancorp raised its holdings in Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after buying an additional 278 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Restaurant Brands International during the first quarter valued at about $48,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 1.0 %

NYSE:QSR opened at $69.81 on Thursday. 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 has a 50 day moving average of $70.18 and a 200-day moving average of $73.47. The firm has a market capitalization of $22.12 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a $0.58 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.32%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

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.