Restaurant Brands International (NYSE:QSR) PT Raised to $77.00 at Bank of America

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price hoisted by equities researchers at Bank of America from $76.00 to $77.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “underperform” rating on the restaurant operator’s stock. Bank of America‘s price objective indicates a potential upside of 6.80% from the company’s previous close.

A number of other research firms have also weighed in on QSR. Royal Bank of Canada boosted their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. TD Cowen restated a “buy” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research report on Thursday, September 12th. Morgan Stanley reduced their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, KeyCorp reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $83.15.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded down $0.65 during trading on Tuesday, reaching $72.10. The stock had a trading volume of 387,686 shares, compared to its average volume of 1,582,355. The business has a fifty day moving average price of $70.28 and a 200-day moving average price of $70.67. The stock has a market cap of $22.84 billion, a PE ratio of 18.58, a PEG ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International has a 1-year low of $64.91 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, equities analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

A number of large investors have recently made changes to their positions in the company. Bleakley Financial Group LLC boosted its position in shares of Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 154 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 160 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the period. Chase Investment Counsel Corp lifted its position in Restaurant Brands International by 5.2% during the 1st quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock worth $400,000 after acquiring an additional 247 shares during the period. Finally, US Bancorp DE lifted its position in Restaurant Brands International by 2.8% during the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after acquiring an additional 256 shares during the period. 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.