Quantinno Capital Management LP lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 78.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,605 shares of the restaurant operator’s stock after buying an additional 56,543 shares during the quarter. Quantinno Capital Management LP’s holdings in Restaurant Brands International were worth $9,504,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in QSR. Lloyd Advisory Services LLC. purchased a new position in Restaurant Brands International during the 4th quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings in shares of Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $40,000. Finally, UMB Bank n.a. increased its stake in shares of Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 214 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
Restaurant Brands International Stock Performance
Shares of QSR opened at $73.72 on Wednesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.13 and a beta of 0.50. The company’s 50 day simple moving average is $73.80 and its 200 day simple moving average is $73.55. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96.
Analyst Upgrades and Downgrades
QSR has been the subject of several research reports. CL King set a $81.00 price objective on Restaurant Brands International in a research report on Thursday, May 7th. Weiss Ratings upgraded Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Morgan Stanley raised their price target on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Guggenheim upped their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $83.86.
Check Out Our Latest Report on QSR
About Restaurant Brands International
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.
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