Restaurant Brands International (NYSE:QSR) PT Raised to $84.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $84.00 in a research note issued on Monday, MarketBeat.com reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 21.25% from the company’s previous close.

A number of other brokerages also recently issued reports on QSR. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. TD Cowen restated a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a report on Thursday, September 12th. Bank of America boosted their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Stifel Nicolaus decreased their price target 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, The Goldman Sachs Group began coverage on Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $83.11.

Restaurant Brands International Stock Down 0.9 %

QSR opened at $69.28 on Monday. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The firm has a market capitalization of $21.95 billion, a P/E ratio of 17.86, a PEG ratio of 2.08 and a beta of 0.93. The company’s 50-day moving average is $70.30 and its 200 day moving average is $72.11. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Research analysts expect that Restaurant Brands International will post 3.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in Restaurant Brands International in the first quarter worth $25,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $48,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Restaurant Brands International during the 1st quarter valued at about $59,000. Parallel Advisors LLC grew its position in Restaurant Brands International by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $79,000. Institutional investors own 82.29% of the company’s stock.

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.