Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $74.00 price objective on the restaurant operator’s stock, up from their prior price objective of $60.00. Credit Suisse Group’s price objective points to a potential upside of 17.27% from the company’s previous close.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Piper Jaffray Companies reissued an “overweight” rating and issued a $66.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, June 6th. CIBC raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Wednesday, June 14th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price objective (up from $58.00) on shares of Restaurant Brands International in a research report on Tuesday, June 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Restaurant Brands International currently has an average rating of “Buy” and an average target price of $65.06.

Shares of Restaurant Brands International (QSR) opened at 63.10 on Thursday. The company has a market capitalization of $14.91 billion, a PE ratio of 44.16 and a beta of 1.77. The company has a 50 day moving average price of $60.91 and a 200 day moving average price of $58.83. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $64.35.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts predict that Restaurant Brands International will post $1.89 EPS for the current fiscal year.

Restaurant Brands International declared that its Board of Directors has approved a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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In other news, EVP Jose E. Cil sold 142,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total transaction of $8,426,435.00. Following the transaction, the executive vice president now directly owns 21,684 shares of the company’s stock, valued at $1,280,440.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $61.32 per share, for a total transaction of $306,600.00. Following the completion of the transaction, the director now owns 25,966 shares of the company’s stock, valued at approximately $1,592,235.12. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Large investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Restaurant Brands International by 21.9% during the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 327 shares during the period. Westpac Banking Corp boosted its stake in shares of Restaurant Brands International by 1,037.1% during the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,763 shares in the last quarter. Creative Planning boosted its stake in shares of Restaurant Brands International by 5.4% during the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 108 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Restaurant Brands International by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after purchasing an additional 306 shares in the last quarter. 76.68% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

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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