Restaurant Brands International (QSR) Cut to “Sell” at ValuEngine

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. Mizuho assumed coverage on shares of Restaurant Brands International in a research note on Thursday, March 15th. They issued a “buy” rating and a $65.00 target price for the company. Credit Suisse Group reduced their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, February 13th. BMO Capital Markets restated a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday, February 13th. UBS set a $74.00 target price on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. Restaurant Brands International currently has a consensus rating of “Buy” and an average target price of $70.06.

Shares of QSR stock traded down $1.08 during mid-day trading on Friday, hitting $55.07. The stock had a trading volume of 2,408,294 shares, compared to its average volume of 1,794,556. Restaurant Brands International has a fifty-two week low of $54.00 and a fifty-two week high of $68.89. The stock has a market capitalization of $13,633.58, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.47. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.06.



Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.09. Restaurant Brands International had a net margin of 12.70% and a return on equity of 24.56%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up 11.0% on a year-over-year basis. equities analysts forecast that Restaurant Brands International will post 2.65 earnings per share for the current fiscal year.

In related news, Director Ali Hedayat purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $58.00 per share, for a total transaction of $290,000.00. Following the acquisition, the director now directly owns 37,592 shares of the company’s stock, valued at approximately $2,180,336. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Granat sold 187,450 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $59.07, for a total transaction of $11,072,671.50. Following the transaction, the insider now owns 94,259 shares of the company’s stock, valued at $5,567,879.13. The disclosure for this sale can be found here. Insiders sold a total of 471,676 shares of company stock valued at $27,885,174 in the last quarter. Insiders own 3.05% of the company’s stock.

Large investors have recently bought and sold shares of the business. Alkeon Capital Management LLC increased its holdings in Restaurant Brands International by 3.4% during the 4th quarter. Alkeon Capital Management LLC now owns 723,722 shares of the restaurant operator’s stock valued at $44,495,000 after acquiring an additional 23,722 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Restaurant Brands International by 34.3% during the 4th quarter. Two Sigma Advisers LP now owns 664,255 shares of the restaurant operator’s stock valued at $40,871,000 after acquiring an additional 169,633 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Restaurant Brands International during the 4th quarter valued at about $2,010,000. Bessemer Group Inc. increased its holdings in Restaurant Brands International by 1.2% during the 4th quarter. Bessemer Group Inc. now owns 1,621,171 shares of the restaurant operator’s stock valued at $99,670,000 after acquiring an additional 19,977 shares in the last quarter. Finally, HBK Investments L P increased its holdings in Restaurant Brands International by 236.9% during the 4th quarter. HBK Investments L P now owns 111,600 shares of the restaurant operator’s stock valued at $6,861,000 after acquiring an additional 78,470 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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