Wells Fargo & Company Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by research analysts at Wells Fargo & Company from $72.00 to $69.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 10.33% from the company’s previous close.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, CIBC decreased their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Restaurant Brands International Price Performance

Shares of QSR opened at $62.54 on Wednesday. Restaurant Brands International has a fifty-two week low of $62.19 and a fifty-two week high of $83.29. The firm’s 50-day simple moving average is $67.71 and its two-hundred day simple moving average is $69.51. The stock has a market cap of $20.25 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Insiders Place Their Bets

In related news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,510 shares of company stock worth $7,774,020. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QSR. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at approximately $61,000. Blue Trust Inc. raised its stake in Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. GAMMA Investing LLC lifted its holdings in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares during the period. Institutional investors 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.