Scotiabank Upgrades Restaurant Brands International (NYSE:QSR) to Hold

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by analysts at Scotiabank to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $75.00 price target on the restaurant operator’s stock. Scotiabank’s price target suggests a potential upside of 13.48% from the stock’s previous close.

Several other brokerages have also commented on QSR. Truist Financial lowered their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird cut their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. CIBC lowered their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a research note on Friday, May 9th. Finally, Citigroup lowered their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and an average price target of $75.68.

Restaurant Brands International Stock Down 1.0%

QSR opened at $66.09 on Wednesday. The stock has a market cap of $21.66 billion, a PE ratio of 22.40, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International has a 52 week low of $58.71 and a 52 week high of $75.07. The business’s fifty day simple moving average is $67.41 and its 200 day simple moving average is $65.83.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, research analysts expect that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently modified their holdings of the business. Dunhill Financial LLC lifted its position in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. HM Payson & Co. purchased a new stake in Restaurant Brands International during the first quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International during the 4th quarter valued at approximately $32,000. Finally, Private Trust Co. NA increased its stake in Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other 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.