Restaurant Brands International (NYSE:QSR) Price Target Cut to $83.00 by Analysts at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Truist Financial from $85.00 to $83.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on QSR. Stifel Nicolaus lowered their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. KeyCorp lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. TD Securities restated a “buy” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Wednesday. Citigroup lowered their target price on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a research note on Thursday, January 30th. Finally, Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.81.

Restaurant Brands International Stock Up 0.8 %

NYSE:QSR opened at $66.38 on Thursday. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The business’s fifty day moving average price is $64.40 and its 200 day moving average price is $68.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. On average, sell-side analysts forecast that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is currently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $32,000. IFP Advisors Inc raised its holdings in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after buying an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.