Robert W. Baird Raises Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target increased by equities research analysts at Robert W. Baird from $72.00 to $80.00 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target indicates a potential upside of 0.36% from the stock’s previous close.

QSR has been the subject of a number of other reports. Citigroup upped their price objective on Restaurant Brands International from $76.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. UBS Group upped their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Barclays upped their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a report on Wednesday, April 15th. Finally, Morgan Stanley upped their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.33.

Restaurant Brands International Trading Up 0.7%

QSR stock opened at $79.71 on Thursday. The company has a market cap of $27.69 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.22 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The business has a fifty day simple moving average of $75.55 and a 200-day simple moving average of $71.25. Restaurant Brands International has a 52 week low of $61.33 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. On average, equities research analysts expect that Restaurant Brands International will post 4.05 EPS for the current year.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at $35,956,471.05. This represents a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 40,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the transaction, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,490 shares of company stock worth $32,375,140 over the last quarter. Company insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently modified their holdings of the stock. Intact Investment Management Inc. lifted its position in shares of Restaurant Brands International by 10.6% during the third quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock worth $48,722,000 after purchasing an additional 72,800 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Restaurant Brands International by 23,154.1% during the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after purchasing an additional 39,362 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of Restaurant Brands International during the third quarter worth about $1,214,000. EdgePoint Investment Group Inc. lifted its position in shares of Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Restaurant Brands International by 17.2% during the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock worth $317,191,000 after purchasing an additional 724,540 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Key Headlines Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Restaurant Brands International beat Q1 expectations, posting $0.86 EPS versus $0.83 expected and revenue of $2.26 billion versus $2.24 billion expected, with revenue up 7.3% year over year. Article Title
• Positive Sentiment: Analysts lifted targets after the earnings beat, including Scotiabank to $83, TD Cowen to $79, Wells Fargo to $80, and Robert W. Baird to $80, which supports the stock’s recent strength. Article Title
• Neutral Sentiment: Scotiabank maintained a “sector perform” rating and other firms kept neutral/equal-weight views, suggesting the rally is being tempered by cautious longer-term expectations. Article Title
• Neutral Sentiment: Restaurant Brands also declared a quarterly dividend of $0.65 per share, reinforcing its income appeal for investors. Article Title

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.