Restaurant Brands International (NYSE:QSR) Price Target Raised to $81.00 at Scotiabank

Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) had its target price hoisted by Scotiabank from $80.00 to $81.00 in a research report released on Friday morning, Marketbeat reports. They currently have a sector outperform rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the company. Sanford C. Bernstein upgraded Restaurant Brands International from a market perform rating to an outperform rating and set a $85.00 price target on the stock in a report on Thursday, November 30th. CIBC reduced their price target on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. upped their target price on Restaurant Brands International from $74.00 to $78.00 and gave the stock a neutral rating in a report on Tuesday, January 23rd. KeyCorp reduced their target price on Restaurant Brands International from $85.00 to $82.00 and set an overweight rating on the stock in a report on Monday, November 6th. Finally, Piper Sandler upped their target price on Restaurant Brands International from $72.00 to $85.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $80.07.

Check Out Our Latest Research Report on Restaurant Brands International

Restaurant Brands International Stock Down 0.2 %

Shares of NYSE:QSR opened at $77.02 on Friday. Restaurant Brands International has a 1 year low of $59.99 and a 1 year high of $79.94. The company has a market cap of $24.07 billion, a PE ratio of 26.47, a P/E/G ratio of 2.66 and a beta of 0.92. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.15 and a quick ratio of 1.07. The stock’s 50-day moving average is $76.45 and its 200 day moving average is $71.48.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 1,218 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $73.23, for a total value of $89,194.14. Following the transaction, the insider now directly owns 14,330 shares of the company’s stock, valued at approximately $1,049,385.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Duncan Fulton sold 1,218 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $73.23, for a total value of $89,194.14. Following the transaction, the insider now directly owns 14,330 shares of the company’s stock, valued at approximately $1,049,385.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman J Patrick Doyle sold 40,783 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $69.97, for a total value of $2,853,586.51. Following the completion of the transaction, the chairman now directly owns 62,503 shares in the company, valued at $4,373,334.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,657 shares of company stock valued at $5,430,934. 1.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently modified their holdings of QSR. Bank of New York Mellon Corp lifted its holdings in shares of Restaurant Brands International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock valued at $17,623,000 after buying an additional 2,830 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Restaurant Brands International by 2.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after buying an additional 229 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Restaurant Brands International by 12.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 577 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Restaurant Brands International by 73.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 3,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Restaurant Brands International by 99.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock valued at $21,798,000 after buying an additional 185,998 shares during the period.

About Restaurant Brands International

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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.

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