Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at CIBC

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by CIBC from $86.00 to $78.00 in a report published on Thursday,BayStreet.CA reports. CIBC currently has an outperform rating on the restaurant operator’s stock.

Several other research analysts have also commented on the stock. TD Cowen cut their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Evercore ISI cut their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Bank of America upped their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Stifel Nicolaus reduced their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $78.81.

Restaurant Brands International Trading Up 0.8 %

QSR stock opened at $66.38 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $21.54 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.17 and a beta of 0.93. The business has a fifty day simple moving average of $64.40 and a 200-day simple moving average of $68.08. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. On average, equities research analysts expect that Restaurant Brands International will post 3.3 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.74%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 over the last three months. 1.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QSR. CANADA LIFE ASSURANCE Co lifted its holdings in Restaurant Brands International by 3.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 294,126 shares of the restaurant operator’s stock worth $19,114,000 after acquiring an additional 9,688 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Restaurant Brands International by 29.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,981,357 shares of the restaurant operator’s stock valued at $194,069,000 after purchasing an additional 679,000 shares during the last quarter. Marshall Wace LLP raised its position in shares of Restaurant Brands International by 3,356.5% during the 4th quarter. Marshall Wace LLP now owns 447,035 shares of the restaurant operator’s stock worth $29,138,000 after purchasing an additional 434,102 shares during the period. Savoir Faire Capital Management L.P. lifted its holdings in shares of Restaurant Brands International by 88.0% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 59,693 shares of the restaurant operator’s stock worth $3,891,000 after purchasing an additional 27,949 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Restaurant Brands International by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 226 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.