Restaurant Brands International (NYSE:QSR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $50.00 target price on the stock. Zacks Investment Research’s target price suggests a potential upside of 12.82% from the company’s current price.
According to Zacks, “Restaurant Brands International Inc. operates as a quick service restaurant company. It is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Burger King is a fast food hamburger chain. Restaurant Brands International Inc. is based in Canada. “
Several other analysts have also recently commented on the company. OTR Global raised Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday, July 18th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $52.00 price target on shares of Restaurant Brands International in a report on Monday, August 29th. Longbow Research cut Restaurant Brands International from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Monday, September 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Wednesday, June 22nd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of Restaurant Brands International in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Restaurant Brands International presently has an average rating of “Buy” and a consensus price target of $44.91.
Restaurant Brands International (NYSE:QSR) opened at 44.32 on Thursday. Restaurant Brands International has a 52 week low of $29.28 and a 52 week high of $49.12. The stock has a 50 day moving average price of $45.96 and a 200 day moving average price of $43.13. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 41.04 and a beta of 1.80.
Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The business earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Restaurant Brands International had a return on equity of 20.00% and a net margin of 11.02%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Equities research analysts expect that Restaurant Brands International will post $1.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.16 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, September 1st. This represents a $0.64 annualized dividend and a yield of 1.44%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.26%.
In other Restaurant Brands International news, Director Motta Roberto Moses Thompson acquired 22,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was acquired at an average price of $46.98 per share, with a total value of $1,033,560.00. Following the completion of the transaction, the director now directly owns 7,440 shares in the company, valued at $349,531.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ali Hedayat acquired 5,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was acquired at an average cost of $47.73 per share, with a total value of $238,650.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $954,600. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Suvretta Capital Management LLC increased its stake in shares of Restaurant Brands International by 30.4% in the first quarter. Suvretta Capital Management LLC now owns 3,039,900 shares of the company’s stock worth $118,039,000 after buying an additional 708,565 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Restaurant Brands International during the second quarter worth approximately $238,586,000. Royal Bank of Canada increased its stake in shares of Restaurant Brands International by 5.8% in the first quarter. Royal Bank of Canada now owns 7,686,509 shares of the company’s stock worth $298,467,000 after buying an additional 418,013 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Restaurant Brands International by 3.1% in the first quarter. Legal & General Group Plc now owns 751,960 shares of the company’s stock worth $29,282,000 after buying an additional 22,952 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of Restaurant Brands International during the second quarter worth approximately $27,106,000. 73.59% of the stock is owned by institutional investors and hedge funds.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.