Restaurant Brands International (NYSE:QSR) PT Raised to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target raised by equities researchers at Citigroup from $75.00 to $77.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective suggests a potential upside of 7.69% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Piper Sandler cut their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Truist Financial cut their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Royal Bank of Canada lifted their target price on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Finally, TD Cowen reiterated a “buy” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.04.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded up $0.29 on Wednesday, reaching $71.50. 352,582 shares of the company traded hands, compared to its average volume of 1,588,689. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The company has a 50 day moving average of $70.21 and a 200 day moving average of $70.81. Restaurant Brands International has a 52 week low of $62.76 and a 52 week high of $83.29. The firm has a market capitalization of $22.65 billion, a PE ratio of 18.43, a PEG ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Equities analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock valued at $937,963,000 after acquiring an additional 224,111 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Restaurant Brands International by 163.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock valued at $1,305,000 after purchasing an additional 10,355 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $269,000. Mather Group LLC. bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $25,000. Finally, Gunderson Capital Management Inc. raised its position in shares of Restaurant Brands International by 26.1% during the 1st quarter. Gunderson Capital Management Inc. now owns 141,771 shares of the restaurant operator’s stock valued at $11,264,000 after purchasing an additional 29,355 shares during the period. 82.29% of the stock is currently owned by 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.