Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently commented on QSR. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Instinet began coverage on shares of Restaurant Brands International in a research note on Wednesday, July 12th. They set a “buy” rating and a $73.00 price objective for the company. Nomura began coverage on shares of Restaurant Brands International in a research note on Wednesday, July 12th. They set a “buy” rating and a $73.00 price objective for the company. UBS AG reaffirmed a “buy” rating and set a $68.00 price objective (up previously from $64.00) on shares of Restaurant Brands International in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $66.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, June 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.63.

Restaurant Brands International (NYSE:QSR) traded up 1.24% during midday trading on Friday, reaching $60.57. 1,679,896 shares of the company traded hands. The firm has a market capitalization of $14.31 billion, a PE ratio of 42.39 and a beta of 1.77. Restaurant Brands International has a 12 month low of $42.35 and a 12 month high of $62.94. The company’s 50-day moving average price is $61.00 and its 200 day moving average price is $57.84.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International will post $1.89 earnings per share for the current year.

Restaurant Brands International announced that its board has initiated a share buyback program on Wednesday, August 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the restaurant operator to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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In other Restaurant Brands International news, EVP Jose E. Cil sold 105,540 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $59.86, for a total value of $6,317,624.40. Following the completion of the sale, the executive vice president now owns 58,644 shares of the company’s stock, valued at $3,510,429.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Hedayat acquired 5,000 shares of the stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $61.32 per share, with a total value of $306,600.00. Following the transaction, the director now directly owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. In the last three months, insiders have sold 250,000 shares of company stock valued at $14,849,219. Corporate insiders own 4.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. increased its stake in shares of Restaurant Brands International by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 4,483 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 23 shares during the period. Ironwood Investment Management LLC increased its stake in shares of Restaurant Brands International by 0.6% in the second quarter. Ironwood Investment Management LLC now owns 7,970 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 46 shares during the period. Creative Planning increased its stake in shares of Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in shares of Restaurant Brands International by 9.0% in the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 261 shares during the period. 75.79% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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