Restaurant Brands International (NYSE:QSR) Given New $81.00 Price Target at Scotiabank

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective boosted by analysts at Scotiabank from $80.00 to $81.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Scotiabank’s price objective suggests a potential upside of 6.80% from the stock’s current price.

A number of other brokerages have also recently commented on QSR. Evercore ISI upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. TD Cowen reissued a “buy” rating and issued a $90.00 price target on shares of Restaurant Brands International in a report on Wednesday, April 10th. 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. Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 13th. Finally, CIBC cut their price objective on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus target price of $82.07.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $75.84 on Monday. The stock has a market capitalization of $23.99 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.19 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The business has a 50-day moving average price of $76.64 and a two-hundred day moving average price of $74.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. Equities analysts predict that Restaurant Brands International will post 3.38 earnings per share for the current year.

Insider Activity at Restaurant Brands International

In other news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider David Chan Shear sold 17,556 shares of the firm’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 $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Dunnigan sold 14,565 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 $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at $4,260,112.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

A number of hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in Restaurant Brands International during the 1st quarter worth approximately $25,000. Pacifica Partners Inc. lifted its holdings 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 worth $27,000 after buying an additional 245 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Montag A & Associates Inc. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at about $30,000. Finally, Oakworth Capital Inc. bought a new position in Restaurant Brands International during the fourth quarter worth about $30,000. Institutional investors and hedge funds 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.