Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) had its price objective lowered by research analysts at Royal Bank Of Canada from $80.00 to $79.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 6.28% from the stock’s previous close.
A number of other brokerages have also recently issued reports on QSR. Citigroup increased their price objective on Restaurant Brands International from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Piper Sandler decreased their price target on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Robert W. Baird increased their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. CL King set a $80.00 price target on shares of Restaurant Brands International in a report on Monday, August 10th. Finally, Seaport Research Partners started coverage on shares of Restaurant Brands International in a research report on Wednesday, September 16th. They issued a “buy” rating and a $88.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average price target of $83.50.
Restaurant Brands International Stock Performance
QSR stock traded down $0.47 during midday trading on Monday, reaching $74.33. 880,100 shares of the company’s stock traded hands, compared to its average volume of 3,194,995. The firm has a market capitalization of $25.93 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. The company has a 50-day moving average price of $75.06 and a two-hundred day moving average price of $75.29. Restaurant Brands International has a 52 week low of $64.52 and a 52 week high of $81.96. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. As a group, equities analysts anticipate that Restaurant Brands International will post 4.19 EPS for the current year.
Insider Buying and Selling
In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is currently owned by insiders.
Institutional Trading of Restaurant Brands International
A number of large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its position in Restaurant Brands International by 4.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator’s stock worth $180,116,000 after acquiring an additional 109,723 shares during the last quarter. NFSG Corp bought a new stake in Restaurant Brands International in the third quarter valued at approximately $28,000. Financial & Tax Architects LLC lifted its position in Restaurant Brands International by 26.3% in the third quarter. Financial & Tax Architects LLC now owns 8,948 shares of the restaurant operator’s stock valued at $636,000 after purchasing an additional 1,861 shares during the last quarter. Triasima Portfolio Management inc. boosted its stake in shares of Restaurant Brands International by 177.3% during the third quarter. Triasima Portfolio Management inc. now owns 74,318 shares of the restaurant operator’s stock valued at $5,301,000 after purchasing an additional 47,518 shares during the period. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Restaurant Brands International during the third quarter valued at approximately $729,000. Institutional investors own 82.29% of the company’s stock.
About Restaurant Brands International
Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.
The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.
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