Restaurant Brands International (NYSE:QSR) PT Lowered to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective dropped by KeyCorp from $85.00 to $80.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target would suggest a potential upside of 13.56% from the company’s previous close.

A number of other analysts also recently weighed in on QSR. Evercore increased their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Robert W. Baird raised their price objective on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Barclays raised their price objective on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Scotiabank raised their price objective on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Genuity Capital Markets reduced their price objective on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.03.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $70.45 on Thursday. The company has a market capitalization of $22.32 billion, a PE ratio of 18.16, a P/E/G ratio of 2.11 and a beta of 0.92. The company has a 50 day simple moving average of $70.70 and a two-hundred day simple moving average of $74.80. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Research analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in Restaurant Brands International during the first quarter valued at about $25,000. Pacifica Partners Inc. lifted its holdings in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares during the last quarter. Rise Advisors LLC lifted its holdings in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in Restaurant Brands International during the fourth quarter valued at about $30,000. Finally, Montag A & Associates Inc. purchased a new stake in Restaurant Brands International during the fourth quarter valued at about $30,000. 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.