Citigroup Increases Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective upped by research analysts at Citigroup from $75.00 to $77.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 8.34% from the stock’s current price.

Several other brokerages have also issued reports on QSR. Truist Financial reduced their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. KeyCorp reduced their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted 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 note on Monday, September 16th. Finally, Royal Bank of Canada upped their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus price target of $83.04.

Restaurant Brands International Trading Down 1.5 %

Shares of NYSE:QSR opened at $71.07 on Wednesday. The firm has a fifty day moving average of $70.22 and a two-hundred day moving average of $70.83. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a 12-month low of $63.60 and a 12-month high of $83.29. The firm has a market capitalization of $22.52 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. On average, equities analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Axel Mr Schwan sold 36,000 shares of the company’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 sale, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s 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 owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several large investors have recently modified their holdings of QSR. Vanguard Group Inc. boosted its stake in Restaurant Brands International by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock valued at $937,963,000 after buying an additional 224,111 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Restaurant Brands International by 163.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock worth $1,305,000 after purchasing an additional 10,355 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter worth about $269,000. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth about $25,000. Finally, Gunderson Capital Management Inc. lifted its holdings in Restaurant Brands International by 26.1% during the 1st quarter. Gunderson Capital Management Inc. now owns 141,771 shares of the restaurant operator’s stock valued at $11,264,000 after purchasing an additional 29,355 shares during the last quarter. 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.