Restaurant Brands International (NYSE:QSR) Upgraded to “Buy” at Argus

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday,Finviz reports.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group decreased their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. TD Cowen cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Barclays cut their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Morgan Stanley cut their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Oppenheimer cut their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Restaurant Brands International Trading Up 0.5 %

Shares of Restaurant Brands International stock opened at $67.83 on Wednesday. The firm has a 50-day simple moving average of $63.91 and a two-hundred day simple moving average of $67.27. The company has a market cap of $22.04 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $81.27. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued 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 28.53% and a net margin of 12.15%. As a group, equities analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 287,726 shares of company stock valued at $18,269,723 in the last 90 days. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of QSR. Norges Bank purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth $264,813,000. Meritage Group LP lifted its position in shares of Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after purchasing an additional 3,245,689 shares during the last quarter. Baupost Group LLC MA lifted its position in shares of Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after acquiring an additional 1,294,185 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.