Barclays Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target decreased by equities research analysts at Barclays from $83.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential upside of 23.97% from the stock’s previous close.

Several other equities analysts have also recently commented on QSR. Evercore ISI decreased their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. KeyCorp decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Argus decreased their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $74.00 to $71.00 in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $64.53 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $20.94 billion, a P/E ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93. The company has a 50 day moving average price of $64.33 and a 200 day moving average price of $68.07. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Equities research analysts forecast that Restaurant Brands International will post 3.3 EPS for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after acquiring an additional 161 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Restaurant Brands International by 7.0% in the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 163 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after acquiring an additional 179 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in shares of Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after acquiring an additional 180 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.