UBS Group Reiterates $74.00 Price Target for Restaurant Brands International (QSR)

UBS Group set a $74.00 price target on Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note issued to investors on Thursday, www.tipranks.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Co reissued a market perform rating and issued a $70.00 target price (up previously from $61.00) on shares of Restaurant Brands International in a research report on Wednesday, July 25th. Bank of America boosted their target price on shares of Restaurant Brands International from $62.00 to $65.00 and gave the company a neutral rating in a research report on Thursday, August 2nd. Scotiabank reissued a buy rating and issued a $70.00 target price on shares of Restaurant Brands International in a research report on Thursday, August 2nd. ValuEngine raised shares of Restaurant Brands International from a sell rating to a hold rating in a research report on Wednesday, July 11th. Finally, Citigroup boosted their target price on shares of Restaurant Brands International from $70.00 to $72.00 and gave the company a buy rating in a research report on Monday, August 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Restaurant Brands International presently has a consensus rating of Buy and an average price target of $70.33.

Shares of Restaurant Brands International stock traded up $0.23 during trading on Thursday, reaching $57.39. The company’s stock had a trading volume of 1,487,548 shares, compared to its average volume of 1,410,834. The stock has a market cap of $14.41 billion, a PE ratio of 22.42, a PEG ratio of 1.54 and a beta of 1.40. Restaurant Brands International has a 52 week low of $53.09 and a 52 week high of $68.89. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.17 and a current ratio of 1.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, August 1st. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.02. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Restaurant Brands International had a net margin of 13.68% and a return on equity of 28.10%. Restaurant Brands International’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts predict that Restaurant Brands International will post 2.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.80 annualized dividend and a yield of 3.14%. Restaurant Brands International’s dividend payout ratio is 85.71%.

A number of institutional investors and hedge funds have recently bought and sold shares of QSR. Meritage Group LP bought a new stake in Restaurant Brands International during the second quarter worth about $173,136,000. Burgundy Asset Management Ltd. bought a new stake in Restaurant Brands International during the second quarter worth about $100,942,000. Point72 Asset Management L.P. lifted its position in Restaurant Brands International by 3,711.9% during the second quarter. Point72 Asset Management L.P. now owns 1,379,907 shares of the restaurant operator’s stock worth $83,208,000 after purchasing an additional 1,343,707 shares during the period. Standard Life Aberdeen plc lifted its position in Restaurant Brands International by 2,821.2% during the second quarter. Standard Life Aberdeen plc now owns 1,212,197 shares of the restaurant operator’s stock worth $73,083,000 after purchasing an additional 1,170,700 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Restaurant Brands International by 1,185.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,259,209 shares of the restaurant operator’s stock worth $75,930,000 after purchasing an additional 1,161,250 shares during the period. 78.91% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

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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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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