Citigroup Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by analysts at Citigroup from $84.00 to $78.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price points to a potential upside of 7.56% from the stock’s current price.

Several other brokerages have also recently issued reports on QSR. Morgan Stanley upped their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. KeyCorp boosted their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. CL King set a $81.00 price objective on Restaurant Brands International in a report on Thursday, May 7th. Scotia raised their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $83.86.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $72.52 on Friday. The business’s 50-day moving average price is $74.00 and its 200-day moving average price is $73.24. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.11 and a beta of 0.50. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Restaurant Brands International will post 4.04 EPS for the current year.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently modified their holdings of the company. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in Restaurant Brands International by 10.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 61,062 shares of the restaurant operator’s stock valued at $4,427,000 after acquiring an additional 5,900 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Restaurant Brands International in the 2nd quarter worth about $313,000. GAMMA Investing LLC raised its position in shares of Restaurant Brands International by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,793 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 449 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 350 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Restaurant Brands International by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock valued at $252,000 after purchasing an additional 207 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.