Restaurant Brands International (QSR) Rating Reiterated by BMO Capital Markets

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating restated by equities researchers at BMO Capital Markets in a research report issued on Tuesday.

A number of other equities analysts have also recently issued reports on QSR. Royal Bank of Canada raised their target price on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. UBS Group set a $74.00 target price on shares of Restaurant Brands International and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Evercore ISI began coverage on shares of Restaurant Brands International in a report on Monday, December 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, Oppenheimer raised their target price on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.47.

Restaurant Brands International (NYSE QSR) opened at $59.95 on Tuesday. The company has a market capitalization of $13,422.97, a PE ratio of 41.34, a P/E/G ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a 52 week low of $51.79 and a 52 week high of $68.89. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. analysts anticipate that Restaurant Brands International will post 2.01 EPS for the current fiscal year.

In other news, EVP Jose E. Cil sold 99,151 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, November 16th. The stock was 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 owns 397,349 shares of the company’s stock, valued at $25,847,552.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc Caira sold 49,804 shares of Restaurant Brands International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the sale, the director now directly owns 124,643 shares in the company, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. Insiders own 3.05% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. PNC Financial Services Group Inc. raised its holdings in shares of Restaurant Brands International by 28.6% during the second quarter. PNC Financial Services Group Inc. now owns 4,150 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 922 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Restaurant Brands International by 0.4% during the second quarter. Northern Trust Corp now owns 221,729 shares of the restaurant operator’s stock valued at $13,867,000 after buying an additional 777 shares during the last quarter. Advisor Group Inc. raised 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 valued at $236,000 after buying an additional 2,248 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Restaurant Brands International by 12.0% during the second quarter. Parametric Portfolio Associates LLC now owns 62,458 shares of the restaurant operator’s stock worth $3,906,000 after purchasing an additional 6,686 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Restaurant Brands International by 11.1% during the second quarter. Voya Investment Management LLC now owns 8,474 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 848 shares in the last quarter. 77.62% of the stock is currently 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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