Piper Sandler Lowers Restaurant Brands International (NYSE:QSR) Price Target to $81.00

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) had its target price decreased by Piper Sandler from $85.00 to $81.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Piper Sandler’s target price suggests a potential upside of 10.00% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Robert W. Baird increased their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Guggenheim lifted their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Evercore restated an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Friday. Finally, CL King set a $81.00 target price on Restaurant Brands International in a report on Thursday, May 7th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.91.

Get Our Latest Analysis on QSR

Restaurant Brands International Stock Performance

NYSE QSR traded up $0.71 during trading hours on Friday, reaching $73.63. The stock had a trading volume of 642,078 shares, compared to its average volume of 3,276,747. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The stock has a fifty day moving average of $73.76 and a 200 day moving average of $73.62. 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 stock has a market cap of $25.71 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.50.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Sell-side analysts predict that Restaurant Brands International will post 4.04 earnings per share for the current year.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Baupost Group LLC MA lifted its holdings in Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Platinum Paramount Investment LTD. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth about $281,033,000. Norges Bank acquired a new position in shares of Restaurant Brands International during the 4th quarter worth about $260,709,000. Capital World Investors raised its position in shares of Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares during the last quarter. Finally, State Street Corp lifted its stake in 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 valued at $198,711,000 after buying an additional 2,966,048 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Restaurant Brands International News

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About Restaurant Brands International

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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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