Restaurant Brands International (NYSE:QSR) Stock Rating Upgraded by Argus

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by Argus from a “hold” rating to a “buy” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a $85.00 price target on the restaurant operator’s stock. Argus’ price objective points to a potential upside of 18.23% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Royal Bank Of Canada decreased their price target on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Piper Sandler reduced their price objective on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Citigroup raised their target price on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Robert W. Baird upped their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.23.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $71.90 on Tuesday. The firm’s 50-day moving average is $68.12 and its 200-day moving average is $67.28. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.83 and a beta of 0.60. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $73.13.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.Restaurant Brands International’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. Equities research analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ali Hedayat sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total value of $509,390.00. Following the sale, the director directly owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. The trade was a 26.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman J Patrick Doyle sold 43,597 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the completion of the transaction, the chairman directly owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently made changes to their positions in QSR. Swiss Life Asset Management Ltd boosted its position in Restaurant Brands International by 15.1% during the third quarter. Swiss Life Asset Management Ltd now owns 21,274 shares of the restaurant operator’s stock valued at $1,367,000 after purchasing an additional 2,797 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Restaurant Brands International by 2.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 14,694 shares of the restaurant operator’s stock worth $942,000 after purchasing an additional 384 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $1,169,000. Coldstream Capital Management Inc. boosted its holdings in shares of Restaurant Brands International by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 354 shares during the last quarter. Finally, Aspire Private Capital LLC boosted its holdings in shares of Restaurant Brands International by 8.0% in the 3rd quarter. Aspire Private Capital LLC now owns 25,060 shares of the restaurant operator’s stock valued at $1,607,000 after buying an additional 1,849 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.