Restaurant Brands International (NYSE:QSR) Given Buy Rating at TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “buy” rating reiterated by TD Cowen in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $82.00 target price on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 18.29% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Bank of America boosted their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Truist Financial decreased their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. KeyCorp cut their target price on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Guggenheim increased their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.04.

Restaurant Brands International Stock Performance

QSR stock traded up $0.41 during midday trading on Thursday, reaching $69.32. The company had a trading volume of 327,902 shares, compared to its average volume of 1,617,857. The firm has a market capitalization of $21.96 billion, a PE ratio of 17.87, a P/E/G ratio of 2.04 and a beta of 0.93. The stock has a 50 day moving average price of $70.31 and a 200 day moving average price of $72.35. 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 quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Analysts anticipate that Restaurant Brands International will post 3.36 earnings per share for the current year.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Restaurant Brands International during the 1st quarter worth $25,000. Crewe Advisors LLC bought a new stake in Restaurant Brands International during the 1st quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Restaurant Brands International in the 1st quarter valued at approximately $59,000. Parallel Advisors LLC increased its position in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after buying an additional 153 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $79,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

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.