Restaurant Brands International (NYSE:QSR) Price Target Raised to $63.00 at SunTrust Banks

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by equities researchers at SunTrust Banks from $60.00 to $63.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective indicates a potential upside of 13.92% from the company’s current price.

A number of other research firms also recently issued reports on QSR. Robert W. Baird upped their price target on shares of Restaurant Brands International from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Longbow Research reissued a “hold” rating on shares of Restaurant Brands International in a research note on Wednesday, March 25th. CIBC reduced their price target on shares of Restaurant Brands International from $78.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Deutsche Bank increased their target price on shares of Restaurant Brands International from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, UBS Group lowered their price target on shares of Restaurant Brands International from $80.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.59.

Shares of QSR traded up $0.05 during mid-day trading on Tuesday, reaching $55.30. The stock had a trading volume of 394,620 shares, compared to its average volume of 2,716,540. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 2.94 and a beta of 1.38. Restaurant Brands International has a 12 month low of $25.08 and a 12 month high of $79.46. The business has a fifty day moving average of $54.75 and a 200 day moving average of $55.05. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.02 and a current ratio of 2.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Friday, May 1st. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). Restaurant Brands International had a return on equity of 31.08% and a net margin of 11.72%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.55 EPS. Restaurant Brands International’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts forecast that Restaurant Brands International will post 1.96 EPS for the current fiscal year.

In other news, insider Felipe A. Athayde sold 43,476 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $49.41, for a total transaction of $2,148,149.16. Following the completion of the transaction, the insider now directly owns 14,429 shares of the company’s stock, valued at approximately $712,936.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.69% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Manning & Napier Group LLC boosted its holdings in Restaurant Brands International by 0.7% in the first quarter. Manning & Napier Group LLC now owns 460,780 shares of the restaurant operator’s stock valued at $18,444,000 after purchasing an additional 3,045 shares in the last quarter. Invesco Ltd. increased its position in shares of Restaurant Brands International by 77.6% in the first quarter. Invesco Ltd. now owns 518,853 shares of the restaurant operator’s stock valued at $20,770,000 after buying an additional 226,710 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Restaurant Brands International by 50.9% in the fourth quarter. Alberta Investment Management Corp now owns 300,100 shares of the restaurant operator’s stock valued at $19,157,000 after buying an additional 101,200 shares in the last quarter. AXA increased its position in shares of Restaurant Brands International by 14.0% in the fourth quarter. AXA now owns 81,631 shares of the restaurant operator’s stock valued at $5,206,000 after buying an additional 10,000 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Restaurant Brands International by 44.0% in the fourth quarter. Guggenheim Capital LLC now owns 6,319 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 1,932 shares in the last quarter. 77.71% of the stock is owned by hedge funds and other institutional investors.

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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