Restaurant Brands International (NYSE:QSR) Price Target Cut to $75.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by Wells Fargo & Co from $80.00 to $75.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price indicates a potential upside of 11.09% from the stock’s current price.

A number of other research analysts have also commented on the stock. Deutsche Bank assumed coverage on shares of Restaurant Brands International in a research report on Wednesday, September 4th. They set a “hold” rating and a $73.00 price target for the company. Argus assumed coverage on shares of Restaurant Brands International in a research report on Tuesday, September 17th. They set a “buy” rating and a $90.00 price target for the company. Longbow Research upgraded shares of Restaurant Brands International from an “underperform” rating to a “neutral” rating in a research report on Monday, September 30th. Goldman Sachs Group assumed coverage on shares of Restaurant Brands International in a research report on Monday, July 29th. They set a “neutral” rating and a $71.00 price target for the company. Finally, KeyCorp boosted their price target on shares of Restaurant Brands International from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.53.

QSR opened at $67.51 on Tuesday. The company has a fifty day moving average price of $71.97 and a 200-day moving average price of $70.58. The firm has a market capitalization of $17.76 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.20 and a quick ratio of 1.14. Restaurant Brands International has a one year low of $50.20 and a one year high of $79.46.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Restaurant Brands International had a net margin of 10.57% and a return on equity of 30.53%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. On average, analysts expect that Restaurant Brands International will post 2.7 earnings per share for the current year.

In other Restaurant Brands International news, insider Jacqueline Friesner sold 26,392 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $77.30, for a total transaction of $2,040,101.60. Following the completion of the sale, the insider now directly owns 106,352 shares in the company, valued at $8,221,009.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joshua Kobza sold 203,198 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $76.71, for a total transaction of $15,587,318.58. Following the sale, the chief operating officer now owns 148,694 shares of the company’s stock, valued at $11,406,316.74. The disclosure for this sale can be found here. Insiders sold 840,294 shares of company stock valued at $64,840,016 over the last quarter. 4.13% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coastal Capital Group Inc. purchased a new stake in Restaurant Brands International during the second quarter valued at about $28,000. Coastal Investment Advisors Inc. bought a new position in shares of Restaurant Brands International during the second quarter valued at about $31,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Restaurant Brands International during the second quarter valued at about $36,000. Contravisory Investment Management Inc. bought a new position in shares of Restaurant Brands International during the third quarter valued at about $53,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of Restaurant Brands International by 185.2% during the third quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

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.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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