Nomura Increases Restaurant Brands International (QSR) Price Target to $81.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by Nomura from $75.00 to $81.00 in a report released on Tuesday. The firm presently has a “buy” rating on the restaurant operator’s stock. Nomura’s target price would indicate a potential upside of 34.55% from the company’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Citigroup raised their price objective on Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Evercore ISI assumed coverage on Restaurant Brands International in a research note on Monday, December 11th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, UBS Group set a $74.00 price objective on Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $70.47.

Restaurant Brands International (NYSE QSR) traded down $0.28 during midday trading on Tuesday, reaching $60.20. The company had a trading volume of 427,300 shares, compared to its average volume of 1,542,522. Restaurant Brands International has a 12-month low of $48.41 and a 12-month high of $68.89. The stock has a market cap of $14,643.89, a P/E ratio of 41.42, a P/E/G ratio of 1.41 and a beta of 1.69. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

In other Restaurant Brands International news, EVP Jose E. Cil sold 70,146 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.01, for a total transaction of $4,630,337.46. Following the sale, the executive vice president now owns 343,496 shares in the company, valued at approximately $22,674,170.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jose E. Cil sold 39,409 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.01, for a total value of $2,601,388.09. Following the sale, the executive vice president now owns 343,496 shares in the company, valued at approximately $22,674,170.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,347,584 shares of company stock worth $281,524,268. 3.05% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Krilogy Financial LLC boosted its holdings in shares of Restaurant Brands International by 2,938.5% during the third quarter. Krilogy Financial LLC now owns 1,975 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 1,910 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $129,000. YHB Investment Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $208,000. Enterprise Financial Services Corp boosted its holdings in shares of Restaurant Brands International by 16,250.0% during the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Restaurant Brands International by 146.2% during the second quarter. Advisor Group Inc. now owns 3,786 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 2,248 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

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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.