Stifel Nicolaus Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective decreased by stock analysts at Stifel Nicolaus from $72.00 to $68.00 in a research report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.59% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Bank of America raised their price target 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. JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. TD Cowen decreased their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI cut 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 report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.46.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $60.94 on Friday. The stock has a market capitalization of $19.73 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.27 and a beta of 0.94. The company’s fifty day moving average price is $67.53 and its 200 day moving average price is $69.45. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a 1 year low of $60.87 and a 1 year high of $83.29.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade 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 valued at $7,774,020 in the last three months. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $61,000. Blue Trust Inc. grew its holdings in Restaurant Brands International by 123.9% during the third 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 Restaurant Brands International by 67.0% in the third 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 holdings in Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 265 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.