Credit Suisse Group Cuts Restaurant Brands International (QSR) Price Target to $71.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by research analysts at Credit Suisse Group from $74.00 to $71.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. Credit Suisse Group’s target price would indicate a potential upside of 18.43% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets restated a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday. Nomura upped their target price on shares of Restaurant Brands International from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. UBS Group set a $74.00 target price on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Friday, January 5th. Finally, Evercore ISI began coverage on shares of Restaurant Brands International in a research note on Monday, December 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $70.29.

Restaurant Brands International (NYSE QSR) opened at $59.95 on Tuesday. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38. The company has a market cap of $13,422.97, a PE ratio of 41.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a one year low of $51.79 and a one year high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. sell-side analysts anticipate that Restaurant Brands International will post 2.01 earnings per share for the current fiscal year.

In related news, Director Marc Caira sold 49,804 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the completion of the sale, the director now owns 124,643 shares of the company’s stock, valued at $8,179,073.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jose E. Cil sold 99,151 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the sale, the executive vice president now directly owns 397,349 shares of the company’s stock, valued at approximately $25,847,552.45. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of QSR. Point72 Asset Management L.P. lifted its position in Restaurant Brands International by 3,083.6% during the third quarter. Point72 Asset Management L.P. now owns 1,257,541 shares of the restaurant operator’s stock valued at $80,332,000 after acquiring an additional 1,218,041 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Restaurant Brands International during the fourth quarter valued at approximately $69,324,000. The Manufacturers Life Insurance Company lifted its position in Restaurant Brands International by 36.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after acquiring an additional 1,017,863 shares during the last quarter. Argent Capital Management LLC purchased a new stake in Restaurant Brands International during the third quarter valued at approximately $33,235,000. Finally, Forsta AP Fonden purchased a new stake in Restaurant Brands International during the fourth quarter valued at approximately $30,559,000. 77.62% of the stock is owned by institutional investors.

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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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