Restaurant Brands International’s (QSR) “Hold” Rating Reaffirmed at TD Securities

TD Securities reissued their hold rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report sent to investors on Tuesday,Benzinga reports. TD Securities currently has a $70.00 price target on the restaurant operator’s stock.

A number of other brokerages have also commented on QSR. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial lowered their price objective on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, CIBC reduced their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.96.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $64.34 on Tuesday. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $83.29. The firm has a market cap of $20.87 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business has a fifty day moving average of $63.52 and a 200-day moving average of $67.68.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts predict that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.85%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Duncan Fulton sold 15,974 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now directly owns 45,248 shares of the company’s stock, valued at approximately $2,827,095.04. This trade represents a 26.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 241,580 shares of company stock valued at $15,761,261 in the last quarter. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently bought and sold shares of the company. Dunhill Financial LLC boosted its position in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $32,000. Finally, IFP Advisors Inc raised its stake in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.