Cowen Reiterates Market Perform Rating for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR)‘s stock had its “market perform” rating reiterated by equities research analysts at Cowen in a report released on Monday, Benzinga reports. They presently have a $72.00 price objective on the restaurant operator’s stock. Cowen’s price target would suggest a potential upside of 11.65% from the company’s current price.

A number of other analysts have also weighed in on QSR. Credit Suisse Group upped their price target on shares of Restaurant Brands International from $69.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Citigroup reduced their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, February 15th. The Goldman Sachs Group upgraded shares of Restaurant Brands International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $57.00 to $64.00 in a research report on Friday, November 4th. Truist Financial raised their price target on shares of Restaurant Brands International from $71.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Finally, Stifel Nicolaus lifted their target price on shares of Restaurant Brands International from $60.00 to $65.00 in a report on Wednesday, February 15th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus price target of $69.15.

Restaurant Brands International Stock Performance

NYSE QSR opened at $64.49 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.08. The firm has a market cap of $19.83 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.44 and a beta of 0.97. Restaurant Brands International has a 52-week low of $46.68 and a 52-week high of $68.89. The business’s 50-day moving average price is $66.26 and its 200 day moving average price is $62.31.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last issued its quarterly earnings data on Tuesday, February 14th. The restaurant operator reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Restaurant Brands International had a net margin of 15.50% and a return on equity of 35.36%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. On average, equities research analysts expect that Restaurant Brands International will post 3 earnings per share for the current year.

Insider Activity at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 1,784 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total value of $116,887.68. Following the sale, the insider now directly owns 8,271 shares in the company, valued at approximately $541,915.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thomas Benjamin Curtis sold 1,784 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total transaction of $116,887.68. Following the completion of the sale, the insider now owns 8,271 shares of the company’s stock, valued at $541,915.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joshua Kobza sold 19,079 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $65.04, for a total value of $1,240,898.16. Following the transaction, the chief operating officer now owns 377,321 shares of the company’s stock, valued at approximately $24,540,957.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 317,217 shares of company stock valued at $20,791,327. 1.36% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Large investors have recently added to or reduced their stakes in the company. Aspire Private Capital LLC lifted its holdings in shares of Restaurant Brands International by 175.9% in the 4th quarter. Aspire Private Capital LLC now owns 298 shares of the restaurant operator’s stock worth $19,271,660,000 after buying an additional 190 shares during the period. Spire Wealth Management boosted its stake in shares of Restaurant Brands International by 378.4% in the fourth quarter. Spire Wealth Management now owns 421 shares of the restaurant operator’s stock worth $27,000 after buying an additional 333 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International during the third quarter worth approximately $27,000. RFP Financial Group LLC acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $32,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $32,000. Institutional investors own 77.87% of the company’s stock.

About Restaurant Brands International

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.