Restaurant Brands International (NYSE:QSR) Price Target Cut to $79.00 by Analysts at Royal Bank Of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by investment analysts at Royal Bank Of Canada from $80.00 to $79.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.28% from the company’s previous close.

A number of other analysts have also commented on QSR. Guggenheim lifted their price target on Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Weiss Ratings raised Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. TD Cowen reduced their price objective on Restaurant Brands International from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. Citigroup raised their target price on Restaurant Brands International from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Finally, Piper Sandler decreased their target price on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

Restaurant Brands International Stock Down 0.6%

NYSE:QSR traded down $0.47 on Monday, hitting $74.33. The stock had a trading volume of 880,100 shares, compared to its average volume of 3,194,995. Restaurant Brands International has a 1 year low of $64.52 and a 1 year high of $81.96. The firm’s fifty day simple moving average is $75.06 and its two-hundred day simple moving average is $75.29. 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 cap of $25.93 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52.

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 for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. Analysts predict that Restaurant Brands International will post 4.19 earnings per share for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the firm’s 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 completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QSR. Groupe la Francaise bought a new stake in Restaurant Brands International in the 2nd quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in Restaurant Brands International during the first quarter valued at about $28,000. NFSG Corp purchased a new stake in Restaurant Brands International during the third quarter valued at about $28,000. CoreCap Advisors LLC boosted its position 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 during the period. Finally, Continuum Advisory LLC bought a new position in Restaurant Brands International during the second quarter worth about $37,000. 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 restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.