Restaurant Brands International (NYSE:QSR) PT Lowered to $80.00 at KeyCorp

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target trimmed by KeyCorp from $85.00 to $80.00 in a research note published on Thursday, Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the company. Genuity Capital Markets reduced their price target on Restaurant Brands International from $74.00 to $73.00 and set a neutral rating for the company in a research report on Thursday, May 30th. The Goldman Sachs Group assumed coverage on Restaurant Brands International in a research note on Thursday, June 13th. They issued a buy rating and a $80.00 price objective for the company. Evercore upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Loop Capital upped their price objective on Restaurant Brands International from $86.00 to $93.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Finally, Piper Sandler dropped their price objective on Restaurant Brands International from $84.00 to $82.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $83.03.

Restaurant Brands International Stock Performance

Shares of QSR opened at $70.37 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The business has a 50-day simple moving average of $70.70 and a two-hundred day simple moving average of $74.81. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 2.12 and a beta of 0.92. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, analysts expect that Restaurant Brands International will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.30%. Restaurant Brands International’s payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale boosted its position in shares of Restaurant Brands International by 4.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,821 shares of the restaurant operator’s stock worth $3,306,000 after purchasing an additional 1,665 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Restaurant Brands International by 15.1% in the 1st quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator’s stock worth $791,000 after purchasing an additional 1,309 shares in the last quarter. Cetera Investment Advisers lifted its position in Restaurant Brands International by 63.7% during the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares during the period. Burney Co. lifted its position in Restaurant Brands International by 57.7% during the 1st quarter. Burney Co. now owns 21,128 shares of the restaurant operator’s stock worth $1,679,000 after acquiring an additional 7,730 shares during the period. Finally, Bank of Nova Scotia Trust Co. lifted its position in Restaurant Brands International by 4.6% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 267,835 shares of the restaurant operator’s stock worth $21,279,000 after acquiring an additional 11,797 shares during the period. 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.