Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by SunTrust Banks from $60.00 to $63.00 in a research report report published on Tuesday, The Fly reports. The firm currently has a buy rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Restaurant Brands International’s Q2 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.61 EPS, FY2020 earnings at $1.87 EPS, Q1 2021 earnings at $0.58 EPS, Q2 2021 earnings at $0.69 EPS, Q3 2021 earnings at $0.78 EPS, Q4 2021 earnings at $0.81 EPS, FY2021 earnings at $2.86 EPS and FY2022 earnings at $3.34 EPS.

Other analysts have also recently issued research reports about the stock. Argus cut shares of Restaurant Brands International from a buy rating to a hold rating in a research note on Friday, May 8th. Standpoint Research began coverage on shares of Restaurant Brands International in a research note on Monday, May 18th. They issued a buy rating for the company. Oppenheimer reiterated a buy rating and issued a $62.00 price target on shares of Restaurant Brands International in a research note on Thursday, May 28th. Credit Suisse Group reiterated a buy rating and issued a $59.00 price target on shares of Restaurant Brands International in a research note on Tuesday, May 19th. Finally, Barclays cut their price target on shares of Restaurant Brands International from $80.00 to $65.00 and set an overweight rating for the company in a research note on Monday, May 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $63.59.

QSR traded down $0.25 during trading hours on Tuesday, hitting $54.41. 1,432,130 shares of the company’s stock were exchanged, compared to its average volume of 2,125,310. Restaurant Brands International has a 1-year low of $25.08 and a 1-year high of $79.46. The stock’s 50-day moving average is $54.93 and its two-hundred day moving average is $54.87. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.95 and a beta of 1.38. The company has a quick ratio of 2.02, a current ratio of 2.08 and a debt-to-equity ratio of 3.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Friday, May 1st. The restaurant operator reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). Restaurant Brands International had a return on equity of 31.08% and a net margin of 11.72%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Restaurant Brands International will post 2.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Tuesday, June 16th. Restaurant Brands International’s dividend payout ratio is 76.47%.

In related news, insider Felipe A. Athayde sold 43,476 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $49.41, for a total transaction of $2,148,149.16. Following the transaction, the insider now directly owns 14,429 shares of the company’s stock, valued at $712,936.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.69% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in Restaurant Brands International by 6.2% in the 1st quarter. Capital World Investors now owns 16,807,213 shares of the restaurant operator’s stock valued at $673,586,000 after buying an additional 985,113 shares during the period. Jarislowsky Fraser Ltd boosted its stake in shares of Restaurant Brands International by 2.5% in the 4th quarter. Jarislowsky Fraser Ltd now owns 7,718,513 shares of the restaurant operator’s stock valued at $492,722,000 after purchasing an additional 185,438 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Restaurant Brands International by 0.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,833,274 shares of the restaurant operator’s stock valued at $273,168,000 after purchasing an additional 32,030 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Restaurant Brands International by 22.4% in the 1st quarter. Mackenzie Financial Corp now owns 5,428,801 shares of the restaurant operator’s stock valued at $217,022,000 after purchasing an additional 992,987 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Restaurant Brands International by 9.6% in the 1st quarter. CIBC Asset Management Inc now owns 4,699,774 shares of the restaurant operator’s stock valued at $188,694,000 after purchasing an additional 411,155 shares in the last quarter. 77.71% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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