Oppenheimer Cuts Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by stock analysts at Oppenheimer from $86.00 to $77.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective would suggest a potential upside of 20.69% from the stock’s current price.

Several other equities analysts have also issued reports on QSR. Argus lowered their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus decreased their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. Bank of America increased their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Citigroup raised their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.92.

Restaurant Brands International Price Performance

NYSE QSR opened at $63.80 on Tuesday. The stock has a market capitalization of $20.66 billion, a PE ratio of 15.99, a P/E/G ratio of 2.27 and a beta of 0.94. The stock has a 50-day simple moving average of $68.15 and a 200 day simple moving average of $69.65. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a twelve month low of $63.74 and a twelve month high of $83.29.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Restaurant Brands International during the third quarter worth $378,000. Arvest Bank Trust Division acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth about $12,053,000. Toronto Dominion Bank grew its holdings in shares of Restaurant Brands International by 0.5% in the 3rd quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock valued at $62,327,000 after acquiring an additional 4,702 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Restaurant Brands International during the third quarter worth about $1,103,000. Institutional investors own 82.29% of the company’s stock.

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.