Restaurant Brands International (NYSE:QSR) Stock Rating Upgraded by Seaport Research Partners

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by Seaport Research Partners to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities analysts also recently weighed in on QSR. Morgan Stanley raised their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. CL King set a $80.00 price objective on Restaurant Brands International in a research note on Monday, August 10th. Evercore restated an “outperform” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Finally, Piper Sandler dropped their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $74.94 on Tuesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market capitalization of $26.14 billion, a PE ratio of 20.15, a P/E/G ratio of 2.11 and a beta of 0.51. Restaurant Brands International has a fifty-two week low of $62.85 and a fifty-two week high of $81.96. The company has a fifty day moving average of $76.27 and a two-hundred day moving average of $75.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. As a group, research analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QSR. Lloyd Advisory Services LLC. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC increased its holdings in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Groupe la Francaise acquired a new stake in Restaurant Brands International in the 2nd quarter valued at approximately $27,000. Western Wealth Management LLC purchased a new stake in Restaurant Brands International in the first quarter valued at approximately $28,000. Finally, CoreCap Advisors LLC lifted its stake in Restaurant Brands International by 304.3% during the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.