Restaurant Brands International (QSR) PT Raised to $77.00 at Barclays

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by analysts at Barclays from $73.00 to $77.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price target would indicate a potential upside of 16.02% from the company’s current price.

A number of other analysts have also issued reports on QSR. BMO Capital Markets raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price target for the company in a research report on Wednesday, January 23rd. ValuEngine raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. KeyCorp increased their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Oppenheimer increased their price target on shares of Restaurant Brands International from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $72.00 price target on shares of Restaurant Brands International in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and an average price target of $69.83.

Shares of QSR opened at $66.37 on Thursday. Restaurant Brands International has a one year low of $50.20 and a one year high of $68.00. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.64 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. Restaurant Brands International’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, analysts anticipate that Restaurant Brands International will post 2.67 earnings per share for the current fiscal year.

In related news, insider Alexandre Macedo acquired 45,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $64.73 per share, for a total transaction of $2,912,850.00. Following the completion of the purchase, the insider now owns 103,773 shares in the company, valued at approximately $6,717,226.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total transaction of $2,219,188.30. Following the completion of the sale, the insider now owns 276,457 shares in the company, valued at approximately $17,223,271.10. The disclosure for this sale can be found here. Company insiders own 3.78% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. FIL Ltd grew its stake in shares of Restaurant Brands International by 24.2% in the first quarter. FIL Ltd now owns 8,910,639 shares of the restaurant operator’s stock worth $579,708,000 after acquiring an additional 1,736,671 shares during the last quarter. Jarislowsky Fraser Ltd boosted its stake in Restaurant Brands International by 7.9% during the fourth quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock worth $370,950,000 after buying an additional 519,346 shares in the last quarter. Bank of Montreal Can boosted its stake in Restaurant Brands International by 16.6% during the first quarter. Bank of Montreal Can now owns 5,998,387 shares of the restaurant operator’s stock worth $390,557,000 after buying an additional 852,636 shares in the last quarter. TD Asset Management Inc. boosted its stake in Restaurant Brands International by 2.3% during the fourth quarter. TD Asset Management Inc. now owns 4,337,780 shares of the restaurant operator’s stock worth $226,523,000 after buying an additional 98,095 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in Restaurant Brands International by 1.1% during the fourth quarter. Standard Life Aberdeen plc now owns 3,532,734 shares of the restaurant operator’s stock worth $185,345,000 after buying an additional 39,137 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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