Restaurant Brands International (NYSE:QSR) PT Raised to $74.00 at Guggenheim

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by research analysts at Guggenheim from $73.00 to $74.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s price objective suggests a potential upside of 11.19% from the company’s current price.

QSR has been the topic of a number of other reports. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Restaurant Brands International in a research report on Friday, August 9th. KeyCorp lowered their price target on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Wells Fargo & Company cut their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, The Goldman Sachs Group began coverage on Restaurant Brands International in a report on Thursday, June 13th. They set a “buy” rating and a $80.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.07.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $66.55 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a 52-week low of $61.77 and a 52-week high of $83.29. The firm has a market cap of $21.10 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. The company’s 50 day moving average is $70.33 and its two-hundred day moving average is $72.37.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. On average, research analysts expect that Restaurant Brands International will post 3.36 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. Barometer Capital Management Inc. grew its stake in shares of Restaurant Brands International by 27,623.2% in the 4th quarter. Barometer Capital Management Inc. now owns 80,120 shares of the restaurant operator’s stock worth $6,260,000 after acquiring an additional 79,831 shares in the last quarter. Royal Fund Management LLC bought a new stake in Restaurant Brands International in the 1st quarter worth about $1,067,000. Quantbot Technologies LP purchased a new stake in Restaurant Brands International in the 1st quarter valued at about $850,000. Oppenheimer & Co. Inc. lifted its position in shares of Restaurant Brands International by 16.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after buying an additional 10,544 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Restaurant Brands International by 6.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 610,145 shares of the restaurant operator’s stock worth $47,671,000 after buying an additional 36,785 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.