Restaurant Brands International (NYSE:QSR) Stock Rating Lowered by TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by equities researchers at TD Cowen from a “buy” rating to a “hold” rating in a report released on Friday, MarketBeat Ratings reports. They presently have a $70.00 price target on the restaurant operator’s stock. TD Cowen’s price objective would indicate a potential upside of 8.47% from the stock’s current price.

A number of other equities analysts also recently issued reports on QSR. Morgan Stanley reduced their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup boosted their price target on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore ISI decreased their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Trading Down 2.8 %

Shares of NYSE QSR opened at $64.53 on Friday. The business has a fifty day moving average price of $64.24 and a 200 day moving average price of $68.04. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $20.94 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Equities research analysts expect that Restaurant Brands International will post 3.3 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 12,420 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 in the last ninety days. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of the company. Baskin Financial Services Inc. raised its holdings in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Geode Capital Management LLC raised its stake in Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Avanza Fonder AB purchased a new position in Restaurant Brands International in the 4th quarter valued at $1,299,000. Wellington Management Group LLP boosted its stake in Restaurant Brands International by 112.1% during the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock worth $1,298,000 after purchasing an additional 9,496 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Restaurant Brands International by 74.6% during the fourth quarter. Iridian Asset Management LLC CT now owns 107,983 shares of the restaurant operator’s stock worth $7,038,000 after buying an additional 46,145 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.