Recent Investment Analysts’ Ratings Changes for Restaurant Brands International (QSR)

Several brokerages have updated their recommendations and price targets on shares of Restaurant Brands International (NYSE: QSR) in the last few weeks:

  • 8/6/2019 – Restaurant Brands International had its price target raised by analysts at Credit Suisse Group AG from $78.00 to $83.00. They now have an “outperform” rating on the stock.
  • 8/5/2019 – Restaurant Brands International had its price target raised by analysts at Stephens from $75.00 to $82.00. They now have an “overweight” rating on the stock.
  • 8/5/2019 – Restaurant Brands International had its price target raised by analysts at KeyCorp from $72.00 to $85.00. They now have an “overweight” rating on the stock.
  • 8/5/2019 – Restaurant Brands International had its price target raised by analysts at BMO Capital Markets from $76.00 to $84.00. They now have an “outperform” rating on the stock.
  • 8/5/2019 – Restaurant Brands International had its price target raised by analysts at Cowen Inc from $78.00 to $85.00. They now have an “outperform” rating on the stock.
  • 8/5/2019 – Restaurant Brands International had its price target raised by analysts at SunTrust Banks, Inc. to $86.00. They now have a “buy” rating on the stock.
  • 8/2/2019 – Restaurant Brands International was given a new $86.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 7/30/2019 – Restaurant Brands International had its price target raised by analysts at Oppenheimer Holdings Inc. from $75.00 to $83.00. They now have an “outperform” rating on the stock.
  • 7/29/2019 – Restaurant Brands International is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $71.00 price target on the stock.
  • 7/22/2019 – Restaurant Brands International had its price target raised by analysts at Wells Fargo & Co from $70.00 to $79.00. They now have a “market perform” rating on the stock.
  • 7/12/2019 – Restaurant Brands International had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $79.00 price target on the stock, up previously from $74.00.
  • 6/25/2019 – Restaurant Brands International is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $78.00 price target on the stock.

Restaurant Brands International stock traded up $0.21 during midday trading on Thursday, hitting $75.44. The stock had a trading volume of 1,616,098 shares, compared to its average volume of 2,570,450. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 3.30. The stock has a market cap of $19.40 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.97 and a beta of 1.26. Restaurant Brands International Inc has a 12 month low of $50.20 and a 12 month high of $78.26. The business has a fifty day moving average price of $73.76 and a 200 day moving average price of $67.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a return on equity of 30.53% and a net margin of 10.57%. Restaurant Brands International’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc will post 2.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, September 16th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 76.05%.

In other news, CEO Jose E. Cil sold 127,557 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the completion of the transaction, the chief executive officer now directly owns 558,889 shares of the company’s stock, valued at $38,160,940.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.13% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Chartwell Investment Partners LLC grew its holdings in shares of Restaurant Brands International by 15.5% during the second quarter. Chartwell Investment Partners LLC now owns 174,118 shares of the restaurant operator’s stock valued at $12,108,000 after purchasing an additional 23,370 shares during the last quarter. Steadfast Capital Management LP grew its holdings in shares of Restaurant Brands International by 14.0% during the second quarter. Steadfast Capital Management LP now owns 2,094,032 shares of the restaurant operator’s stock valued at $145,619,000 after purchasing an additional 257,166 shares during the last quarter. UBS Group AG grew its holdings in shares of Restaurant Brands International by 118.6% during the second quarter. UBS Group AG now owns 96,897 shares of the restaurant operator’s stock valued at $6,738,000 after purchasing an additional 52,576 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Restaurant Brands International by 17.5% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 136,796 shares of the restaurant operator’s stock valued at $9,513,000 after purchasing an additional 20,415 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Restaurant Brands International by 1.0% during the second quarter. Pictet Asset Management Ltd. now owns 81,571 shares of the restaurant operator’s stock valued at $5,685,000 after purchasing an additional 800 shares during the last quarter. 80.20% of the stock is owned by institutional investors.

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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