Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been given an average rating of “Moderate Buy” by the twenty-five brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $81.46.

A number of brokerages have commented on QSR. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Argus lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Evercore ISI cut their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International during the 3rd quarter valued at $61,000. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Restaurant Brands International by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 2.6 %

Restaurant Brands International stock opened at $60.94 on Friday. Restaurant Brands International has a 1 year low of $60.87 and a 1 year high of $83.29. The firm’s 50-day moving average is $67.53 and its 200-day moving average is $69.45. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $19.73 billion, a P/E ratio of 15.27, a PEG ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

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.