Restaurant Brands International (NYSE:QSR) Price Target Increased to $84.00 by Analysts at JPMorgan Chase & Co.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $80.00 to $84.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.62% from the company’s current price.

QSR has been the topic of a number of other reports. Royal Bank of Canada raised 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. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. KeyCorp dropped their price target on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Stifel Nicolaus lowered their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, Morgan Stanley cut their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average price target of $83.11.

Restaurant Brands International Trading Up 0.7 %

NYSE:QSR traded up $0.46 during midday trading on Monday, hitting $69.64. 346,345 shares of the company traded hands, compared to its average volume of 1,617,541. The firm has a market capitalization of $22.54 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.08 and a beta of 0.93. The firm’s fifty day moving average is $70.28 and its 200-day moving average is $72.23. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, sell-side analysts predict that Restaurant Brands International will post 3.36 EPS for the current year.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction 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 $6,866,420.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Granite Bay Wealth Management LLC purchased a new position in Restaurant Brands International in the 2nd quarter valued at approximately $792,000. Fiera Capital Corp grew its holdings in shares of Restaurant Brands International by 6.5% during the second quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator’s stock worth $247,955,000 after purchasing an additional 213,877 shares during the last quarter. Chase Investment Counsel Corp increased its position in shares of Restaurant Brands International by 7.9% during the second quarter. Chase Investment Counsel Corp now owns 5,439 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 396 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Restaurant Brands International by 37.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,637 shares of the restaurant operator’s stock valued at $3,704,000 after purchasing an additional 14,296 shares during the last quarter. Finally, Creative Planning lifted its stake in Restaurant Brands International by 1.2% in the second quarter. Creative Planning now owns 62,040 shares of the restaurant operator’s stock valued at $4,366,000 after buying an additional 759 shares during 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 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.