Citigroup Trims Restaurant Brands International (NYSE:QSR) Target Price to $58.00

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) had its price target lowered by investment analysts at Citigroup from $64.00 to $58.00 in a research report issued on Wednesday, The Fly reports. Citigroup’s target price would indicate a potential upside of 6.79% from the stock’s previous close.

QSR has been the subject of several other reports. StockNews.com initiated coverage on shares of Restaurant Brands International in a report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley downgraded shares of Restaurant Brands International from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $66.00 to $60.00 in a report on Friday, January 14th. Stifel Nicolaus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and cut their price target for the company from $68.00 to $58.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Restaurant Brands International from $75.00 to $72.00 in a report on Thursday, February 17th. Finally, Stephens lifted their price target on shares of Restaurant Brands International from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, February 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Hold” and an average target price of $68.57.

Shares of NYSE:QSR traded down $2.65 during midday trading on Wednesday, reaching $54.31. 2,608,961 shares of the company’s stock were exchanged, compared to its average volume of 1,368,881. The company’s 50 day simple moving average is $57.77 and its two-hundred day simple moving average is $57.80. The firm has a market capitalization of $16.78 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. Restaurant Brands International has a 12 month low of $52.16 and a 12 month high of $70.74. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.92 and a current ratio of 0.97.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last released its quarterly earnings data on Tuesday, May 3rd. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Restaurant Brands International had a net margin of 14.60% and a return on equity of 29.01%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. On average, research analysts anticipate that Restaurant Brands International will post 2.96 earnings per share for the current year.

In related news, insider Sami A. Siddiqui sold 14,600 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of $55.00, for a total transaction of $803,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.88% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. City State Bank bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $30,000. Prospera Financial Services Inc bought a new position in Restaurant Brands International in the first quarter valued at approximately $31,000. Schroder Investment Management Group bought a new position in Restaurant Brands International in the third quarter valued at approximately $32,000. UMB Bank N A MO bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $37,000. Finally, CWM LLC bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $49,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

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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