Evercore Reiterates “Outperform” Rating for Restaurant Brands International (QSR)
Restaurant Brands International (TSE:QSR) (NYSE:QSR)‘s stock had its “outperform” rating restated by investment analysts at Evercore in a research note issued to investors on Tuesday.
A number of other research firms also recently weighed in on QSR. Royal Bank of Canada raised their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. CSFB raised Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$81.25.
Shares of Restaurant Brands International (TSE QSR) opened at C$78.93 on Tuesday. Restaurant Brands International has a one year low of C$62.75 and a one year high of C$88.36.
In related news, insider José E. Cil sold 23,732 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of C$64.00, for a total value of C$1,518,848.00. Also, insider José E. Cil sold 96,872 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of C$63.68, for a total value of C$6,168,808.96. Insiders sold a total of 303,101 shares of company stock worth $19,528,386 over the last three months.
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About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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