Wells Fargo & Company Lowers Restaurant Brands International (NYSE:QSR) Price Target to $69.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by Wells Fargo & Company from $72.00 to $69.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target points to a potential upside of 10.33% from the company’s current price.

QSR has been the subject of a number of other reports. Royal Bank of Canada cut their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday. Citigroup upped their price target on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Bank of America boosted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.62.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $62.54 on Wednesday. The firm’s 50 day moving average is $67.71 and its 200 day moving average is $69.51. The stock has a market capitalization of $20.25 billion, a P/E ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a 12 month low of $62.19 and a 12 month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last three months. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of QSR. Farther Finance Advisors LLC increased its position in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at approximately $61,000. Blue Trust Inc. grew its holdings in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. GAMMA Investing LLC raised its position in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 265 shares during the period. 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.