Restaurant Brands International (NYSE:QSR) Lowered to “Hold” at Stifel Nicolaus

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday, Briefing.com reports. They presently have a $58.00 price objective on the restaurant operator’s stock, down from their previous price objective of $68.00. Stifel Nicolaus’ target price would indicate a potential upside of 5.15% from the stock’s current price.

A number of other research firms also recently weighed in on QSR. Citigroup downgraded shares of Restaurant Brands International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $71.00 to $64.00 in a research note on Monday, April 11th. Morgan Stanley downgraded shares of Restaurant Brands International from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $66.00 to $60.00 in a report on Friday, January 14th. StockNews.com assumed coverage on Restaurant Brands International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Stephens upped their target price on Restaurant Brands International from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Restaurant Brands International from $75.00 to $72.00 in a research report on Thursday, February 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $69.04.

Shares of QSR opened at $55.16 on Wednesday. The firm has a 50 day simple moving average of $57.77 and a two-hundred day simple moving average of $57.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.97 and a quick ratio of 0.92. Restaurant Brands International has a one year low of $53.47 and a one year high of $70.74. The company has a market cap of $17.04 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.66 and a beta of 1.02.

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) last issued its quarterly earnings results on Tuesday, May 3rd. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Restaurant Brands International had a return on equity of 29.01% and a net margin of 14.60%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts expect that Restaurant Brands International will post 2.96 earnings per share for the current fiscal year.

In other Restaurant Brands International news, insider Sami A. Siddiqui sold 14,600 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $55.00, for a total value of $803,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.88% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its position in shares of Restaurant Brands International by 12.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 116,381 shares of the restaurant operator’s stock worth $7,578,000 after acquiring an additional 12,723 shares in the last quarter. Morgan Stanley lifted its holdings in Restaurant Brands International by 7.4% during the 2nd quarter. Morgan Stanley now owns 719,561 shares of the restaurant operator’s stock worth $46,369,000 after purchasing an additional 49,300 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Restaurant Brands International by 0.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,482 shares of the restaurant operator’s stock worth $1,375,000 after purchasing an additional 190 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Restaurant Brands International by 7.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,144 shares of the restaurant operator’s stock valued at $376,000 after buying an additional 402 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Restaurant Brands International by 43.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,994 shares of the restaurant operator’s stock valued at $550,000 after buying an additional 2,730 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.

Restaurant Brands International Company Profile (Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

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