Restaurant Brands International (NYSE:QSR) Price Target Raised to $79.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price increased by equities researchers at Citigroup from $78.00 to $79.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 6.45% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, January 17th. Robert W. Baird increased their price target on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday. Guggenheim raised their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Oppenheimer raised their price objective on Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.39.

Restaurant Brands International Trading Up 1.4 %

Shares of NYSE QSR opened at $74.21 on Wednesday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $23.48 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The business has a fifty day moving average price of $76.57 and a 200 day moving average price of $74.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.36% and a net margin of 17.17%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Equities research analysts expect that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares in the company, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Mather Group LLC. purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at $25,000. Pacifica Partners Inc. lifted its stake in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 245 shares in the last quarter. Rise Advisors LLC lifted its stake in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth about $30,000. Finally, Montag A & Associates Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.