Evercore Reiterates “Outperform” Rating for Restaurant Brands International (QSR)

Evercore reiterated their outperform rating on shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) in a report issued on Tuesday.

QSR has been the topic of several other research reports. Royal Bank of Canada raised their price objective on Restaurant Brands International to C$97.00 and gave the stock an outperform rating in a report on Monday, October 23rd. CSFB raised Restaurant Brands International from a neutral rating to an outperform rating in a report on Thursday, September 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$81.25.

Shares of Restaurant Brands International (QSR) opened at C$78.58 on Tuesday. Restaurant Brands International has a 52 week low of C$62.75 and a 52 week high of C$88.36.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.262 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. This represents a $1.05 annualized dividend and a dividend yield of 1.33%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 78.72%.

In other Restaurant Brands International news, insider José E. Cil sold 23,732 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$64.00, for a total transaction of C$1,518,848.00. Also, insider José E. Cil sold 96,872 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$63.68, for a total value of C$6,168,808.96. In the last ninety days, insiders have sold 303,101 shares of company stock worth $19,528,386.

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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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