CIBC Cuts Restaurant Brands International (NYSE:QSR) Price Target to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by analysts at CIBC from $88.00 to $86.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperformer” rating on the restaurant operator’s stock. CIBC’s price target suggests a potential upside of 26.16% from the stock’s current price.

A number of other equities research analysts also recently issued reports on QSR. Wells Fargo & Company reduced their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Bank of America increased their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut their price objective on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, Piper Sandler dropped their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $82.73.

Restaurant Brands International Stock Down 0.0 %

NYSE:QSR traded down $0.03 on Wednesday, hitting $68.17. The stock had a trading volume of 888,456 shares, compared to its average volume of 1,578,627. The company has a market cap of $22.07 billion, a PE ratio of 17.01, a P/E/G ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The business’s fifty day moving average is $70.24 and its 200 day moving average is $70.55. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, equities research analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of hedge funds have recently made changes to their positions in QSR. Farther Finance Advisors LLC lifted its position in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Crewe Advisors LLC bought a new stake in Restaurant Brands International in the 1st quarter worth approximately $48,000. Plato Investment Management Ltd bought a new stake in Restaurant Brands International in the 3rd quarter worth approximately $61,000. BNP Paribas Financial Markets raised its stake in Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 203 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Restaurant Brands International in the first quarter worth $94,000. 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.