Restaurant Brands International (NYSE:QSR) Upgraded at Scotiabank

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by equities researchers at Scotiabank to a “hold” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $75.00 target price on the restaurant operator’s stock. Scotiabank’s price objective would indicate a potential upside of 13.48% from the company’s current price.

A number of other equities analysts have also recently commented on QSR. TD Securities reissued a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. Robert W. Baird lowered their price target on Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 7th. UBS Group lowered their price target on Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 5th. Oppenheimer boosted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.68.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $66.09 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The stock has a market capitalization of $21.65 billion, a PE ratio of 22.40, a P/E/G ratio of 1.98 and a beta of 0.61. The business has a fifty day moving average price of $67.32 and a two-hundred day moving average price of $65.85.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm posted $0.73 EPS. Restaurant Brands International’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider now owns 182,897 shares of the company’s stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently modified their holdings of QSR. Dunhill Financial LLC grew its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares during the period. HM Payson & Co. acquired a new stake in Restaurant Brands International in the first quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International in the fourth quarter valued at approximately $32,000. Finally, Private Trust Co. NA grew its stake in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds 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.