Citigroup Lowers Restaurant Brands International (NYSE:QSR) Price Target to $72.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by equities research analysts at Citigroup from $74.00 to $72.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would suggest a potential upside of 3.96% from the company’s current price.

QSR has been the subject of a number of other research reports. Oppenheimer reiterated an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Sanford C. Bernstein reiterated an “overweight” rating and set a $86.00 target price on shares of Restaurant Brands International in a research note on Wednesday, January 7th. Morgan Stanley set a $77.00 price target on Restaurant Brands International in a report on Tuesday, October 21st. Barclays upped their price objective on Restaurant Brands International from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Hold” and an average price target of $76.95.

Restaurant Brands International Trading Up 3.8%

NYSE:QSR opened at $69.26 on Tuesday. The company has a market capitalization of $23.99 billion, a PE ratio of 24.65, a P/E/G ratio of 2.42 and a beta of 0.58. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $73.70. The stock’s 50 day moving average price is $69.38 and its 200 day moving average price is $67.45. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65.

Insider Activity

In other news, insider Axel Schwan sold 5,860 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $415,298.20. Following the transaction, the insider directly owned 159,757 shares of the company’s stock, valued at $11,321,978.59. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 10,913 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $773,404.31. Following the completion of the sale, the chief financial officer owned 10,609 shares of the company’s stock, valued at $751,859.83. This trade represents a 50.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 145,508 shares of company stock valued at $10,233,040 over the last three months. 1.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. ABC Arbitrage SA purchased a new position in Restaurant Brands International during the 4th quarter valued at about $296,000. Chesapeake Capital Corp IL acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $553,000. Generali Asset Management SPA SGR increased its stake in shares of Restaurant Brands International by 10.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 8,965 shares of the restaurant operator’s stock worth $612,000 after purchasing an additional 857 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Restaurant Brands International by 10.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,929 shares of the restaurant operator’s stock worth $609,000 after purchasing an additional 874 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Restaurant Brands International by 8.8% in the 4th quarter. Benjamin Edwards Inc. now owns 5,659 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 460 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.