Restaurant Brands International (QSR) Rating Lowered to Underperform at Longbow Research

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by equities research analysts at Longbow Research from a “neutral” rating to an “underperform” rating in a research report issued on Monday, Marketbeat reports. They presently have a $55.00 price objective on the restaurant operator’s stock, down from their previous price objective of $70.50. Longbow Research’s price objective would suggest a potential downside of 17.13% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Restaurant Brands International in a research report on Thursday, May 9th. They issued a “hold” rating and a $70.00 price target on the stock. ValuEngine upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Wells Fargo & Co increased their price target on shares of Restaurant Brands International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Sanford C. Bernstein assumed coverage on shares of Restaurant Brands International in a research report on Friday, April 5th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.90.

Shares of NYSE:QSR opened at $66.37 on Monday. The company has a market capitalization of $17.01 billion, a P/E ratio of 25.24, a PEG ratio of 2.59 and a beta of 1.39. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.04 and a current ratio of 1.10. Restaurant Brands International has a fifty-two week low of $50.20 and a fifty-two week high of $67.93.



Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, analysts forecast that Restaurant Brands International will post 2.67 EPS for the current fiscal year.

In other Restaurant Brands International news, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $62.30, for a total transaction of $2,219,188.30. Following the sale, the insider now directly owns 276,457 shares in the company, valued at approximately $17,223,271.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexandre Macedo bought 45,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were bought at an average price of $64.73 per share, for a total transaction of $2,912,850.00. Following the completion of the acquisition, the insider now directly owns 103,773 shares in the company, valued at approximately $6,717,226.29. The disclosure for this purchase can be found here. Insiders have sold a total of 327,585 shares of company stock worth $20,684,849 over the last 90 days. Corporate insiders own 3.78% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $963,000. Jarislowsky Fraser Ltd grew its stake in shares of Restaurant Brands International by 7.9% during the 4th quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock worth $370,950,000 after acquiring an additional 519,346 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Restaurant Brands International by 2.3% during the 4th quarter. TD Asset Management Inc. now owns 4,337,780 shares of the restaurant operator’s stock worth $226,523,000 after acquiring an additional 98,095 shares in the last quarter. Strs Ohio grew its stake in shares of Restaurant Brands International by 20.0% during the 4th quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock worth $7,845,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Restaurant Brands International by 2.0% during the 4th quarter. Bank of Montreal Can now owns 5,145,751 shares of the restaurant operator’s stock worth $269,123,000 after acquiring an additional 98,971 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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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