Restaurant Brands International (NYSE:QSR) PT Lowered to $87.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by stock analysts at Truist Financial from $90.00 to $87.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target points to a potential upside of 24.62% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective for the company. Citigroup boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. KeyCorp cut their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. TD Securities boosted their target price on shares of Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Scotiabank boosted their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.93.

Restaurant Brands International Stock Up 2.6 %

QSR opened at $69.81 on Tuesday. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The company has a fifty day moving average of $70.00 and a two-hundred day moving average of $74.48. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.13 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now directly owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of the stock. Capital World Investors boosted its position in shares of Restaurant Brands International by 1.1% in the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after acquiring an additional 466,929 shares during the last quarter. Capital Research Global Investors lifted its position in Restaurant Brands International by 19.8% during the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after buying an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. lifted its position in Restaurant Brands International by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after buying an additional 141,468 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Restaurant Brands International by 6.2% during the first quarter. 1832 Asset Management L.P. now owns 4,958,748 shares of the restaurant operator’s stock valued at $393,973,000 after buying an additional 290,604 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock valued at $385,361,000 after buying an additional 1,409,552 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.