Restaurant Brands International (QSR) Price Target Lowered to C$69.00 at Cowen

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its target price cut by Cowen from C$72.00 to C$69.00 in a research report sent to investors on Tuesday morning.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of Restaurant Brands International from C$72.00 to C$70.00 in a research note on Tuesday. Evercore ISI reiterated an outperform rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Evercore reiterated an outperform rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada upped their price objective on shares of Restaurant Brands International to C$97.00 and gave the stock an outperform rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$80.20.

Restaurant Brands International (QSR) opened at C$72.82 on Tuesday. Restaurant Brands International has a 12 month low of C$69.33 and a 12 month high of C$88.36. The stock has a market cap of $33,820.00, a price-to-earnings ratio of 79.13 and a beta of 1.14.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.554 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.26. This represents a $2.22 dividend on an annualized basis and a yield of 3.04%. Restaurant Brands International’s dividend payout ratio is currently 80.43%.

In other Restaurant Brands International news, insider José E. Cil sold 20,449 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total transaction of C$1,329,185.00.

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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.

Analyst Recommendations for Restaurant Brands International (TSE:QSR)

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