JPMorgan Chase & Co. Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by JPMorgan Chase & Co. from $80.00 to $78.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. The firm currently has an overweight rating on the restaurant operator’s stock.

QSR has been the topic of a number of other reports. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Friday, February 14th. Morgan Stanley reduced their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial reduced their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday. Finally, TD Securities reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Restaurant Brands International Trading Down 0.1 %

Shares of QSR stock opened at $67.93 on Thursday. The stock has a market cap of $22.08 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International has a 1 year low of $59.67 and a 1 year high of $81.27. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a 50 day simple moving average of $64.12 and a 200 day simple moving average of $67.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released 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, research analysts predict that Restaurant Brands International will post 3.72 earnings per share 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. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the transaction, the insider now directly owns 34,822 shares of the company’s stock, valued at approximately $2,251,590.52. This trade represents a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 287,726 shares of company stock valued at $18,269,723. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its position in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International during the 4th quarter worth $32,000. IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth $60,000. 82.29% of the stock is owned by institutional investors.

About Restaurant Brands International

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.