KeyCorp Raises Restaurant Brands International (NYSE:QSR) Price Target to $90.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price raised by KeyCorp from $78.00 to $90.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective points to a potential upside of 14.91% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Oppenheimer lifted their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $84.00 price target on shares of Restaurant Brands International in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, February 27th. Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $90.00 in a research note on Monday, March 2nd. Finally, Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $84.00 in a research note on Monday, March 2nd. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.04.

Restaurant Brands International Trading Down 0.0%

QSR opened at $78.32 on Monday. Restaurant Brands International has a 1-year low of $61.33 and a 1-year high of $79.53. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The company has a market cap of $27.18 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. The company has a fifty day moving average price of $72.92 and a two-hundred day moving average price of $70.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the transaction, the insider directly owned 478,845 shares in the company, valued at approximately $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the transaction, the chief executive officer owned 960,769 shares in the company, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 441,490 shares of company stock valued at $32,375,140 in the last quarter. 1.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in Restaurant Brands International during the fourth quarter worth about $25,000. Larson Financial Group LLC boosted its holdings in Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Restaurant Brands International during the fourth quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Restaurant Brands International during the third quarter worth about $29,000. Finally, UMB Bank n.a. boosted its holdings in Restaurant Brands International by 50.4% during the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 214 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.