Cowen and Company Boosts Restaurant Brands International Inc. (QSR) Price Target to $51.00

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its target price lifted by Cowen and Company to $51.00 in a research note released on Tuesday.

QSR has been the subject of several other reports. Zacks Investment Research downgraded Restaurant Brands International from a strong-buy rating to a hold rating in a research note on Friday, January 6th. RBC Capital Markets lifted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an outperform rating in a research note on Tuesday, October 25th. Royal Bank Of Canada lifted their target price on Restaurant Brands International from $49.00 to $54.00 and gave the stock an outperform rating in a research note on Tuesday, October 25th. Stephens upgraded Restaurant Brands International from an equal weight rating to an overweight rating and set a $52.00 target price for the company in a research note on Wednesday, October 19th. Finally, Credit Suisse Group reiterated a neutral rating and set a $45.00 target price on shares of Restaurant Brands International in a research note on Friday, November 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $49.83.

Shares of Restaurant Brands International (NYSE:QSR) opened at 53.80 on Tuesday. The company has a market capitalization of $12.60 billion, a PE ratio of 44.80 and a beta of 1.75. The firm has a 50-day moving average of $49.27 and a 200 day moving average of $46.93. Restaurant Brands International has a 12 month low of $30.69 and a 12 month high of $54.30.

Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings results on Monday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm earned $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Restaurant Brands International had a return on equity of 20.84% and a net margin of 11.77%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. On average, equities research analysts expect that Restaurant Brands International will post $1.57 earnings per share for the current fiscal year.

This piece was reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US and international trademark and copyright laws. The legal version of this piece can be viewed at http://sleekmoney.com/cowen-and-company-boosts-restaurant-brands-international-inc-qsr-price-target-to-51-00/1660078.html.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.34%. Restaurant Brands International’s payout ratio is currently 56.67%.

A number of institutional investors have recently made changes to their positions in the stock. Highstreet Asset Management Inc. boosted its position in shares of Restaurant Brands International by 0.4% in the third quarter. Highstreet Asset Management Inc. now owns 32,212 shares of the company’s stock valued at $1,436,000 after buying an additional 126 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Restaurant Brands International by 0.9% in the third quarter. Shell Asset Management Co. now owns 22,855 shares of the company’s stock valued at $1,337,000 after buying an additional 207 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Restaurant Brands International by 6.9% in the third quarter. Stratos Wealth Partners LTD. now owns 5,904 shares of the company’s stock valued at $263,000 after buying an additional 381 shares in the last quarter. UBS Oconnor LLC boosted its position in shares of Restaurant Brands International by 2.3% in the third quarter. UBS Oconnor LLC now owns 33,866 shares of the company’s stock valued at $1,510,000 after buying an additional 746 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Restaurant Brands International by 0.3% in the third quarter. First Trust Advisors LP now owns 242,311 shares of the company’s stock valued at $10,802,000 after buying an additional 786 shares in the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

5 Day Chart for NYSE:QSR

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/cowen-and-company-boosts-restaurant-brands-international-inc-qsr-price-target-to-51-00/1660078.html

Receive News & Ratings for Restaurant Brands International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *