Citigroup Cuts Restaurant Brands International (NYSE:QSR) Price Target to $66.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Citigroup from $67.00 to $66.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on QSR. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Oppenheimer dropped their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group reduced their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $76.58.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $63.23 on Wednesday. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $77.24. The company’s fifty day simple moving average is $65.10 and its 200-day simple moving average is $66.44. The firm has a market cap of $20.71 billion, a PE ratio of 19.88, a P/E/G ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

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

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.92%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares of the company’s stock, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter valued at $206,000. Janney Montgomery Scott LLC raised its position in Restaurant Brands International by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator’s stock valued at $392,000 after purchasing an additional 470 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Restaurant Brands International by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,655 shares of the restaurant operator’s stock valued at $1,710,000 after purchasing an additional 1,010 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 76.8% during the first quarter. Farther Finance Advisors LLC now owns 992 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 431 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in shares of Restaurant Brands International by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 44,216 shares of the restaurant operator’s stock valued at $2,947,000 after buying an additional 579 shares during the period. Institutional investors 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.