Restaurant Brands International Inc. (NYSE:QSR) Given a $74.00 Price Target by UBS AG Analysts

UBS AG set a $74.00 price target on Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in a research report report published on Monday, October 16th, www.benzinga.com reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Restaurant Brands International from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research report on Friday, August 4th. Instinet assumed coverage on shares of Restaurant Brands International in a research note on Wednesday, July 12th. They issued a buy rating and a $73.00 target price for the company. Nomura assumed coverage on shares of Restaurant Brands International in a research note on Wednesday, July 12th. They issued a buy rating and a $73.00 target price for the company. BidaskClub upgraded shares of Restaurant Brands International from a hold rating to a buy rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a buy rating and issued a $69.00 price objective on shares of Restaurant Brands International in a research note on Monday, September 11th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $69.06.

Restaurant Brands International (NYSE QSR) opened at 65.15 on Monday. The company has a 50-day moving average price of $64.90 and a 200-day moving average price of $61.25. Restaurant Brands International has a 52 week low of $42.35 and a 52 week high of $68.40. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 45.59 and a beta of 1.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 24.53%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Equities research analysts anticipate that Restaurant Brands International will post $1.90 EPS for the current year.

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Restaurant Brands International declared that its board has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. Restaurant Brands International’s dividend payout ratio is presently 55.17%.

In related news, EVP Jose E. Cil sold 60,832 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total value of $3,893,856.32. Following the sale, the executive vice president now directly owns 73,618 shares in the company, valued at approximately $4,712,288.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the completion of the sale, the executive vice president now owns 174,631 shares in the company, valued at $11,136,218.87. The disclosure for this sale can be found here. Corporate insiders own 3.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in Restaurant Brands International by 10.9% during the 2nd quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock worth $969,362,000 after purchasing an additional 1,528,447 shares in the last quarter. Principal Financial Group Inc. increased its stake in Restaurant Brands International by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 8,445,609 shares of the restaurant operator’s stock worth $528,188,000 after purchasing an additional 81,256 shares in the last quarter. Vanguard Group Inc. increased its stake in Restaurant Brands International by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,987,402 shares of the restaurant operator’s stock worth $311,912,000 after purchasing an additional 268,220 shares in the last quarter. Valinor Management L.P. increased its stake in Restaurant Brands International by 7.8% during the 1st quarter. Valinor Management L.P. now owns 3,752,166 shares of the restaurant operator’s stock worth $209,145,000 after purchasing an additional 270,071 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Restaurant Brands International by 0.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,840,422 shares of the restaurant operator’s stock worth $115,100,000 after purchasing an additional 10,625 shares in the last quarter. 76.42% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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