Restaurant Brands International (QSR) Earns Outperform Rating from Evercore ISI

Evercore ISI reissued their outperform rating on shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) in a research note released on Tuesday morning, StockTargetPrices.com reports.

A number of other equities research analysts have also recently commented on the stock. Evercore reiterated an outperform rating on shares of Restaurant Brands International in a report on Tuesday. Royal Bank of Canada increased their price target on shares of Restaurant Brands International to C$97.00 and gave the company an outperform rating in a report on Monday, October 23rd. Finally, CSFB upgraded shares of Restaurant Brands International from a neutral rating to an outperform rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$81.25.

Shares of Restaurant Brands International (TSE QSR) opened at C$78.03 on Tuesday. Restaurant Brands International has a fifty-two week low of C$62.75 and a fifty-two week high of C$88.36.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a $0.262 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.05 annualized dividend and a yield of 1.34%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is currently 78.72%.

In related news, insider José E. Cil sold 23,732 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of C$64.00, for a total value of C$1,518,848.00. Also, insider José E. Cil sold 37,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of C$64.02, for a total transaction of C$2,368,740.00. Insiders sold 303,101 shares of company stock worth $19,528,386 in the last 90 days.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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Analyst Recommendations for Restaurant Brands International (TSE:QSR)

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