Restaurant Brands International (NYSE:QSR) Stock Price Expected to Rise, Truist Financial Analyst Says

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price hoisted by analysts at Truist Financial from $78.00 to $81.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price objective would suggest a potential upside of 19.47% from the stock’s current price.

QSR has been the subject of several other research reports. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Morgan Stanley upped their price target on Restaurant Brands International from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Scotiabank upgraded Restaurant Brands International to a “hold” rating and set a $75.00 price target for the company in a report on Wednesday, June 18th. Oppenheimer upped 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, CIBC reduced their price objective on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average target price of $75.82.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $67.80 on Wednesday. The stock’s 50 day moving average is $68.51 and its 200-day moving average is $65.67. Restaurant Brands International has a twelve month low of $58.71 and a twelve month high of $75.07. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.99 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.73 EPS. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. Sell-side analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the stock. Dunhill Financial LLC lifted its holdings in 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 purchasing an additional 200 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $32,000. Private Trust Co. NA raised its holdings in shares of Restaurant Brands International by 96.6% in the 1st 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 260 shares in the last quarter. 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.