StockNews.com Downgrades Restaurant Brands International (NYSE:QSR) to Hold

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group increased their target price 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. Barclays decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, February 15th. Citigroup decreased their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, February 15th. Stephens reiterated an “equal weight” rating and set a $63.00 target price on shares of Restaurant Brands International in a research note on Monday, February 27th. Finally, Argus raised their price objective on shares of Restaurant Brands International from $71.00 to $77.00 in a research report on Tuesday, December 20th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average target price of $69.15.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $60.54 on Monday. The stock’s 50-day moving average is $65.85 and its two-hundred day moving average is $62.49. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.27 and a beta of 0.97. Restaurant Brands International has a 1 year low of $46.68 and a 1 year high of $68.89. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.91 and a current ratio of 0.97.

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 (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Restaurant Brands International had a return on equity of 35.36% and a net margin of 15.50%. Analysts predict that Restaurant Brands International will post 2.99 earnings per share for the current year.

Insider Transactions at Restaurant Brands International

In other news, CEO Jose E. Cil sold 21,998 shares of the firm’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 transaction of $1,430,749.92. Following the completion of the transaction, the chief executive officer now directly owns 177,293 shares of the company’s stock, valued at approximately $11,531,136.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, CEO Jose E. Cil sold 264,461 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $65.64, for a total value of $17,359,220.04. Following the completion of the sale, the chief executive officer now directly owns 187,414 shares of the company’s stock, valued at approximately $12,301,854.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jose E. Cil sold 21,998 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $65.04, for a total transaction of $1,430,749.92. Following the completion of the sale, the chief executive officer now directly owns 177,293 shares of the company’s stock, valued at $11,531,136.72. The disclosure for this sale can be found here. Insiders sold a total of 317,217 shares of company stock valued at $20,791,327 in the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of QSR. Bank of New York Mellon Corp grew its stake in Restaurant Brands International by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock worth $17,623,000 after acquiring an additional 2,830 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Restaurant Brands International by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 229 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Restaurant Brands International by 12.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 577 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Restaurant Brands International by 73.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 3,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Restaurant Brands International by 99.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock valued at $21,798,000 after buying an additional 185,998 shares during the period. 77.87% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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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.