Mizuho initiated coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report published on Thursday, March 15th, Marketbeat reports. The brokerage issued a buy rating and a $65.00 price target on the restaurant operator’s stock.
QSR has been the subject of several other reports. Credit Suisse Group decreased their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set an outperform rating for the company in a research report on Tuesday, February 13th. Evercore ISI assumed coverage on shares of Restaurant Brands International in a research report on Monday, December 11th. They issued an outperform rating and a $75.00 price objective for the company. BMO Capital Markets reaffirmed a hold rating on shares of Restaurant Brands International in a research report on Tuesday, February 13th. UBS set a $74.00 price objective on shares of Restaurant Brands International and gave the company a buy rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research downgraded shares of Restaurant Brands International from a buy rating to a hold rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $70.06.
QSR stock traded down $0.63 during mid-day trading on Thursday, reaching $55.96. 1,497,368 shares of the stock traded hands, compared to its average volume of 1,326,822. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $13,804.33, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. Restaurant Brands International has a one year low of $54.00 and a one year high of $68.89.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.09. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. equities research analysts expect that Restaurant Brands International will post 2.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.
In other Restaurant Brands International news, insider Heitor Goncalves sold 81,637 shares of Restaurant Brands International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $59.42, for a total value of $4,850,870.54. Following the completion of the transaction, the insider now directly owns 187,333 shares of the company’s stock, valued at approximately $11,131,326.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $58.00 per share, with a total value of $290,000.00. Following the completion of the transaction, the director now owns 37,592 shares in the company, valued at $2,180,336. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 471,676 shares of company stock valued at $27,885,174. 3.05% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in QSR. Suntrust Banks Inc. lifted its stake in Restaurant Brands International by 3.8% during the fourth quarter. Suntrust Banks Inc. now owns 24,646 shares of the restaurant operator’s stock worth $1,513,000 after purchasing an additional 902 shares during the last quarter. Water Island Capital LLC lifted its stake in Restaurant Brands International by 18.7% during the fourth quarter. Water Island Capital LLC now owns 5,938 shares of the restaurant operator’s stock worth $365,000 after purchasing an additional 937 shares during the last quarter. Bank of Nova Scotia Trust Co. lifted its stake in Restaurant Brands International by 3.2% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 39,853 shares of the restaurant operator’s stock worth $2,450,000 after purchasing an additional 1,236 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Restaurant Brands International by 12.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,321 shares of the restaurant operator’s stock worth $696,000 after purchasing an additional 1,254 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in Restaurant Brands International by 1.6% during the third quarter. AMP Capital Investors Ltd now owns 84,699 shares of the restaurant operator’s stock worth $5,398,000 after purchasing an additional 1,300 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.
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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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