Restaurant Brands International (NYSE:QSR) Price Target Cut to $84.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective cut by analysts at TD Securities from $90.00 to $84.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. TD Securities’ price target suggests a potential upside of 17.86% from the company’s previous close.

A number of other analysts have also commented on QSR. BMO Capital Markets lifted their target price on Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Scotiabank reduced their target price on Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Guggenheim raised their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Truist Financial dropped their price target on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.36.

Restaurant Brands International Stock Down 1.3 %

QSR stock opened at $71.27 on Friday. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The firm has a market cap of $22.55 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The business has a 50 day moving average of $77.61 and a 200 day moving average of $73.74.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Restaurant Brands International will post 3.39 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in Restaurant Brands International during the first quarter worth approximately $25,000. Pacifica Partners Inc. grew its stake in shares of Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 245 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $30,000. Finally, Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $30,000. 82.29% of the stock is owned by institutional investors.

About Restaurant Brands International

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.