TD Securities Boosts Restaurant Brands International Price Target to $88

On a recent Wednesday, Restaurant Brands International (NYSE:QSR), a major player in the quick-service restaurant industry, received a favorable update from TD Securities. The financial services firm increased its price target on the company's stock from $84.00 to $88.00, maintaining a 'buy' rating. This news was part of a report that attracted considerable attention from other research analysts as well.

Analysts' Perspectives on Restaurant Brands International

In addition to TD Securities' updated price target, several other market experts have recently provided their assessments of Restaurant Brands International. For instance, Stephens reaffirmed an 'equal weight' rating and set a target price of $75.00, while Guggenheim adjusted their target from $70.00 to $74.00 offering a 'neutral' rating. Citigroup modified their target, decreasing it to $78.00 and also assigning a 'neutral' stance. Conversely, Truist Financial increased their price target to $90.00, supporting a 'buy' rating. Moreover, Oppenheimer raised their valuation to $89.00, recommending an 'outperform' stance.

$MarketBeat.com's data indicates a consensus 'Moderate Buy' rating for Restaurant Brands International, with an average price target of $83.39, based on insights from numerous analysts.

Financial Health and Stock Performance

The shares of Restaurant Brands International opened at $73.21 on the report's publication day. The company's stock has been experiencing fluctuations, having a 52-week range between $61.77 and $83.29. The 50-day and 200-day simple moving averages were $76.59 and $74.51, respectively, with a market cap of approximately $23.16 billion, and they are trading at a P/E ratio of 19.42 with a P/E/G ratio of 2.19 and beta of 0.91.

Concerning financial outcomes, the company posted earnings per share (EPS) of $0.73 for the recent quarter, marginally surpassing the consensus estimate of $0.72. Revenue came in at $1.74 billion, above the forecasted $1.70 billion, representing a 9.4% year-on-year increase. Analysts predict a full-year EPS of $3.38 for Restaurant Brands International.

Dividends and Insider Trades

Recently, a quarterly dividend was announced, with a payment of $0.58 per share scheduled for Friday, July 5th to stockholders recorded as of Friday, June 21st. The stock's dividend yield stands at 3.17%, with a payout ratio of 61.54%.

Insider activity includes a transaction where David Shear, an insider, sold 17,556 shares at an average price of $76.26. Following these transactions, Shear's direct holdings amount to 210,535 company shares. The CEO of Restaurant Brands International, Joshua Kobza, also sold 161,353 shares at $75.57 per share, now owning 578,125 shares.

Institutional Investor Activity

Several substantial investors have adjusted their stakes in the company. SG Americas Securities LLC's holdings amplified by 223.3%, while Commonwealth Equity Services LLC and Bank of New York Mellon Corp inched their shares up in the company. Institutional ownership is reported to be 82.29% of the stock.

About the Company

Restaurant Brands International Inc., with its headquarters in Canada, operates globally, managing brands like Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs.

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