Barclays set a $86.00 target price on Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report report published on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the restaurant operator’s stock.
A number of other analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Restaurant Brands International from $76.00 to $84.00 and gave the stock an outperform rating in a research report on Monday. ValuEngine raised Restaurant Brands International from a hold rating to a buy rating in a research report on Thursday, April 18th. Cowen increased their price objective on Restaurant Brands International from $78.00 to $85.00 and gave the stock an outperform rating in a research report on Monday. Longbow Research cut Restaurant Brands International from a neutral rating to an underperform rating and decreased their price objective for the stock from $70.50 to $55.00 in a research report on Monday, May 13th. Finally, Zacks Investment Research raised Restaurant Brands International from a sell rating to a hold rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Restaurant Brands International presently has a consensus rating of Buy and a consensus price target of $77.69.
Shares of NYSE QSR traded down $0.74 during trading hours on Friday, reaching $75.49. The stock had a trading volume of 140,086 shares, compared to its average volume of 1,634,775. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.04 and a current ratio of 1.10. Restaurant Brands International has a fifty-two week low of $50.20 and a fifty-two week high of $77.80. The business’s 50-day simple moving average is $71.89.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.65%. Restaurant Brands International’s dividend payout ratio is currently 76.05%.
In other news, insider Daniel S. Schwartz sold 1,041,882 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jose E. Cil sold 127,557 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were 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 directly owns 558,889 shares of the company’s stock, valued at $38,160,940.92. The disclosure for this sale can be found here. 4.13% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Coastal Capital Group Inc. purchased a new position in Restaurant Brands International in the 2nd quarter valued at approximately $28,000. Coastal Investment Advisors Inc. purchased a new position in Restaurant Brands International in the 2nd quarter valued at approximately $31,000. Lindbrook Capital LLC increased its stake in Restaurant Brands International by 327.2% in the 1st quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 602 shares in the last quarter. Howe & Rusling Inc. increased its stake in Restaurant Brands International by 357.4% in the 1st quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 772 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Restaurant Brands International by 40.3% in the 2nd quarter. Signaturefd LLC now owns 1,097 shares of the restaurant operator’s stock valued at $76,000 after purchasing an additional 315 shares in the last quarter. 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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