Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) had its price objective increased by equities research analysts at TD Cowen from $79.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target suggests a potential upside of 7.53% from the company’s previous close.
Several other analysts have also recently issued reports on QSR. Robert W. Baird upped their price objective on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group raised their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank boosted their price target on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada decreased their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Barclays increased their price objective on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.38.
View Our Latest Research Report on Restaurant Brands International
Restaurant Brands International Trading Up 0.6%
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International will post 4.07 EPS for the current fiscal year.
Institutional Trading of Restaurant Brands International
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in Restaurant Brands International during the first quarter worth $237,000. WINTON GROUP Ltd purchased a new stake in shares of Restaurant Brands International in the second quarter valued at $265,000. State Street Corp lifted its holdings in shares of Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Restaurant Brands International by 188.7% in the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after acquiring an additional 34,210 shares during the last quarter. Finally, Treasurer of the State of North Carolina purchased a new position in shares of Restaurant Brands International during the 2nd quarter worth about $10,019,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Restaurant Brands International
- Sony Is Going All-Digital—But Investors Should Watch This Instead
- Scotiabank Sees a New Growth Story for Cloudflare
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.
