Restaurant Brands International (NYSE:QSR) Rating Reiterated by Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report published on Tuesday, AnalystRatings.com reports. The firm currently has a $71.00 price target on the restaurant operator’s stock.

Several other equities analysts also recently weighed in on the stock. Cowen cut their price target on shares of Restaurant Brands International from $75.00 to $68.00 and set an outperform rating on the stock in a report on Monday, January 13th. Wells Fargo & Co cut their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set an equal weight rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a buy rating and issued a $77.00 price target on shares of Restaurant Brands International in a report on Thursday, January 23rd. KeyCorp cut their price target on shares of Restaurant Brands International from $78.00 to $72.00 and set an overweight rating on the stock in a report on Thursday, February 6th. Finally, Stifel Nicolaus started coverage on shares of Restaurant Brands International in a report on Thursday, December 12th. They issued a hold rating and a $68.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $75.80.

Shares of NYSE:QSR opened at $67.24 on Tuesday. Restaurant Brands International has a twelve month low of $60.58 and a twelve month high of $79.46. The company’s 50 day moving average is $63.64 and its 200 day moving average is $68.69. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 3.18. The company has a market cap of $20.08 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 11.48% and a return on equity of 32.40%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Restaurant Brands International’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts predict that Restaurant Brands International will post 2.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Monday, March 16th will be paid a dividend of $0.52 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.09%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 73.53%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Restaurant Brands International by 13.2% during the 4th quarter. Bank of Montreal Can now owns 10,007,936 shares of the restaurant operator’s stock valued at $638,205,000 after buying an additional 1,165,219 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Restaurant Brands International by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 9,596,571 shares of the restaurant operator’s stock valued at $611,974,000 after buying an additional 40,583 shares in the last quarter. Jarislowsky Fraser Ltd lifted its position in shares of Restaurant Brands International by 2.5% during the 4th quarter. Jarislowsky Fraser Ltd now owns 7,718,513 shares of the restaurant operator’s stock valued at $492,722,000 after buying an additional 185,438 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Restaurant Brands International by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,626,507 shares of the restaurant operator’s stock valued at $186,776,000 after buying an additional 110,647 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Restaurant Brands International by 45.7% during the 4th quarter. Fiera Capital Corp now owns 2,561,576 shares of the restaurant operator’s stock valued at $163,390,000 after buying an additional 803,078 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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