Shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) have been assigned an average rating of “Buy” from the twenty brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $70.57.
QSR has been the topic of several research reports. Wells Fargo & Co upped their target price on Restaurant Brands International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Jefferies Financial Group set a €28.00 ($32.56) target price on Hamburger Hafen und Logistik and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Finally, Credit Suisse Group initiated coverage on Arco Platform in a research report on Tuesday, June 25th. They issued a “neutral” rating on the stock.
Shares of NYSE QSR traded down $0.08 during trading hours on Tuesday, reaching $73.02. The stock had a trading volume of 1,083,392 shares, compared to its average volume of 1,247,611. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 3.47. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.26. The company has a fifty day moving average price of $69.14. Restaurant Brands International has a 52-week low of $50.20 and a 52-week high of $73.35.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, June 14th. Restaurant Brands International’s payout ratio is 76.05%.
In other news, insider Daniel S. Schwartz sold 1,041,882 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $67.88, for a total transaction of $70,722,950.16. Following the sale, the insider now directly owns 461,637 shares of the company’s stock, valued at approximately $31,335,919.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jose E. Cil sold 127,557 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the sale, the chief executive officer now directly owns 558,889 shares in the company, valued at $38,160,940.92. The disclosure for this sale can be found here. 4.13% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of QSR. Lindbrook Capital LLC boosted its stake in shares of Restaurant Brands International by 327.2% during the 1st quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 602 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Restaurant Brands International by 357.4% in the 1st quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 772 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Restaurant Brands International in the 1st quarter valued at about $112,000. Daiwa Securities Group Inc. lifted its stake in Restaurant Brands International by 41.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 700 shares in the last quarter. Finally, Gruss & Co. Inc. purchased a new position in Restaurant Brands International in the 1st quarter valued at about $202,000. 79.36% of the stock is currently owned by institutional investors and hedge funds.
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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