Restaurant Brands International (NYSE:QSR) PT Lowered to $72.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by investment analysts at Piper Sandler from $82.00 to $72.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s target price would indicate a potential upside of 5.30% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Loop Capital raised Restaurant Brands International from a “hold” rating to a “buy” rating and boosted their target price for the company from $77.00 to $81.00 in a research note on Friday, September 29th. Evercore ISI upped their price objective on Restaurant Brands International from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Scotiabank reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday. BMO Capital Markets upped their price objective on Restaurant Brands International from $81.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, Royal Bank of Canada upped their price objective on Restaurant Brands International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.81.

Restaurant Brands International Stock Up 2.0 %

NYSE:QSR opened at $68.38 on Monday. Restaurant Brands International has a 1 year low of $59.55 and a 1 year high of $78.30. The company has a current ratio of 1.09, a quick ratio of 1.00 and a debt-to-equity ratio of 2.80. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.61 and a beta of 0.98. The stock has a 50-day moving average price of $66.58 and a two-hundred day moving average price of $71.27.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Friday, November 3rd. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Restaurant Brands International had a return on equity of 33.17% and a net margin of 13.22%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the stock. Obermeyer Wood Investment Counsel Lllp grew its position in Restaurant Brands International by 13.9% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,409 shares of the restaurant operator’s stock worth $264,000 after buying an additional 416 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Restaurant Brands International by 49.9% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,571 shares of the restaurant operator’s stock worth $588,000 after buying an additional 2,519 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Restaurant Brands International by 12.7% during the first quarter. Pinnacle Associates Ltd. now owns 5,093 shares of the restaurant operator’s stock worth $342,000 after buying an additional 575 shares in the last quarter. Banco Santander S.A. grew its position in Restaurant Brands International by 2.8% during the first quarter. Banco Santander S.A. now owns 6,679 shares of the restaurant operator’s stock worth $448,000 after buying an additional 179 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Restaurant Brands International during the second quarter worth approximately $228,000.

About Restaurant Brands International

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.