Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) has been given an average recommendation of “Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$81.25.
QSR has been the topic of several analyst reports. Royal Bank of Canada upped their price objective on Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Evercore reiterated an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th.
Shares of Restaurant Brands International (TSE:QSR) traded down C$0.38 on Friday, reaching C$77.95. The company had a trading volume of 394,358 shares, compared to its average volume of 396,415. Restaurant Brands International has a 1 year low of C$63.18 and a 1 year high of C$88.36. The company has a market capitalization of $36,820.00, a price-to-earnings ratio of 85.66 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were issued a dividend of $0.262 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 14th. This represents a $1.05 annualized dividend and a yield of 1.34%. Restaurant Brands International’s dividend payout ratio is currently 81.32%.
In other Restaurant Brands International news, insider José E. Cil sold 39,409 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of C$66.01, for a total transaction of C$2,601,388.09. Also, insider José E. Cil sold 11,020 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$66.00, for a total value of C$727,320.00. In the last ninety days, insiders have sold 109,358 shares of company stock worth $7,159,093.
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About Restaurant Brands International
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.
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