Restaurant Brands International (NYSE:QSR) Price Target Cut to $72.00 by Analysts at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Citigroup from $74.00 to $72.00 in a report released on Tuesday morning, MarketBeat.com reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

QSR has been the topic of a number of other reports. 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 report on Tuesday, December 2nd. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a research report on Tuesday, December 9th. Sanford C. Bernstein reiterated an “overweight” rating and issued a $86.00 price target on shares of Restaurant Brands International in a report on Wednesday, January 7th. Finally, Robert W. Baird increased their price objective on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Hold” and a consensus target price of $76.95.

Restaurant Brands International Trading Down 0.4%

Shares of Restaurant Brands International stock opened at $66.72 on Tuesday. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company has a market capitalization of $23.11 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.43 and a beta of 0.58. The company has a fifty day moving average of $69.44 and a 200 day moving average of $67.43.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 5,860 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $415,298.20. Following the completion of the transaction, the insider owned 159,757 shares of the company’s stock, valued at approximately $11,321,978.59. This trade represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the sale, the chairman directly owned 193,855 shares in the company, valued at $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 145,508 shares of company stock worth $10,233,040. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the 3rd quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Restaurant Brands International in the second quarter valued at $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $36,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.