Restaurant Brands International (NYSE:QSR) PT Lowered to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by equities research analysts at Citigroup from $81.00 to $78.00 in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 10.28% from the company’s current price.

QSR has been the topic of a number of other research reports. Piper Sandler reduced their price target on Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. TD Securities reduced their price target on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Royal Bank of Canada reduced their price target on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, Stephens reissued an “equal weight” rating and set a $75.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Restaurant Brands International Stock Performance

QSR opened at $70.73 on Tuesday. The stock has a market cap of $22.38 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $77.24 and its 200 day simple moving average is $73.83. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Restaurant Brands International’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Restaurant Brands International will post 3.4 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 over the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently bought and sold shares of the business. Wallace Advisory Group LLC bought a new position in Restaurant Brands International in the first quarter worth about $209,000. AdvisorNet Financial Inc raised its holdings in shares of Restaurant Brands International by 3.6% during the first quarter. AdvisorNet Financial Inc now owns 14,127 shares of the restaurant operator’s stock valued at $1,122,000 after buying an additional 489 shares during the last quarter. Royal Fund Management LLC bought a new stake in shares of Restaurant Brands International during the first quarter valued at approximately $1,067,000. Bennett Selby Investments LP raised its holdings in shares of Restaurant Brands International by 898.4% during the first quarter. Bennett Selby Investments LP now owns 263,460 shares of the restaurant operator’s stock valued at $20,932,000 after buying an additional 237,072 shares during the last quarter. Finally, Gunderson Capital Management Inc. raised its holdings in shares of Restaurant Brands International by 26.1% during the first quarter. Gunderson Capital Management Inc. now owns 141,771 shares of the restaurant operator’s stock valued at $11,264,000 after buying an additional 29,355 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.