Guggenheim Forecasts Strong Price Appreciation for Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) had its target price hoisted by equities research analysts at Guggenheim from $79.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s target price would suggest a potential upside of 11.53% from the company’s current price.

A number of other research analysts also recently commented on QSR. TD Cowen reduced their target price on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, December 2nd. BMO Capital Markets reduced their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $77.20.

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Restaurant Brands International Price Performance

QSR opened at $71.73 on Friday. The company has a 50-day moving average of $68.59 and a 200-day moving average of $67.54. The company has a market capitalization of $24.85 billion, a P/E ratio of 30.39, a PEG ratio of 2.18 and a beta of 0.58. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $73.70. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last issued its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. Equities analysts expect that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 12,828 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $866,018.28. Following the completion of the transaction, the chief financial officer owned 31,923 shares of the company’s stock, valued at approximately $2,155,121.73. The trade was a 28.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 10,308 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $695,893.08. Following the completion of the sale, the insider directly owned 49,677 shares in the company, valued at approximately $3,353,694.27. This trade represents a 17.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 186,401 shares of company stock valued at $12,857,069 in the last three months. 1.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in shares of Restaurant Brands International in the 1st quarter worth $237,000. Envestnet Asset Management Inc. grew its holdings in Restaurant Brands International by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock worth $32,213,000 after acquiring an additional 30,741 shares during the period. Arkadios Wealth Advisors raised its position in Restaurant Brands International by 12.1% in the second quarter. Arkadios Wealth Advisors now owns 34,135 shares of the restaurant operator’s stock worth $2,263,000 after acquiring an additional 3,674 shares in the last quarter. Assetmark Inc. raised its position in Restaurant Brands International by 3.7% in the second quarter. Assetmark Inc. now owns 29,470 shares of the restaurant operator’s stock worth $1,954,000 after acquiring an additional 1,059 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in Restaurant Brands International by 12.1% in the 2nd quarter. Atria Investments Inc now owns 5,250 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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About Restaurant Brands International

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Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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