Restaurant Brands International (NYSE:QSR) PT Raised to $81.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by investment analysts at Scotiabank from $80.00 to $81.00 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Scotiabank’s price target would indicate a potential upside of 6.80% from the stock’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets lifted their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. TD Securities lowered their target price on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Evercore upped their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Citigroup cut their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, Guggenheim increased their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.07.

Restaurant Brands International Stock Up 2.7 %

NYSE:QSR opened at $75.84 on Monday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The firm’s 50-day moving average price is $76.64 and its 200-day moving average price is $74.52. The company has a market capitalization of $23.99 billion, a PE ratio of 20.12, a P/E/G ratio of 2.19 and a beta of 0.91. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities analysts predict that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of Restaurant Brands International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the completion of the sale, the insider now directly owns 410,759 shares in the company, valued at $31,299,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Granat sold 80,332 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the sale, the insider now directly owns 410,759 shares in the company, valued at $31,299,835.80. The disclosure for this sale can be found here. In the last three months, insiders sold 380,200 shares of company stock valued at $28,828,182. Corporate insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in Restaurant Brands International by 223.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock valued at $379,000 after buying an additional 3,934 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Restaurant Brands International by 48.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 8,248 shares of the restaurant operator’s stock valued at $550,000 after buying an additional 2,676 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Restaurant Brands International by 4.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock worth $1,903,000 after buying an additional 1,338 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Restaurant Brands International by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock worth $1,036,000 after purchasing an additional 693 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Restaurant Brands International by 16.1% during the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock worth $422,000 after buying an additional 878 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.