BidaskClub lowered shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) from a buy rating to a hold rating in a report released on Thursday.

Several other brokerages also recently issued reports on QSR. Royal Bank Of Canada reaffirmed a buy rating and set a $63.00 price target on shares of Restaurant Brands International in a report on Monday, April 10th. Nomura started coverage on Restaurant Brands International in a report on Wednesday, July 12th. They set a buy rating and a $73.00 price target for the company. UBS AG raised their price target on Restaurant Brands International from $60.00 to $64.00 and gave the company a buy rating in a report on Monday, April 24th. Citigroup Inc. raised their price target on Restaurant Brands International from $59.00 to $65.00 and gave the company a buy rating in a report on Tuesday, April 11th. Finally, Instinet started coverage on Restaurant Brands International in a report on Wednesday, July 12th. They set a buy rating and a $73.00 price target for the company. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Restaurant Brands International currently has an average rating of Buy and a consensus target price of $60.53.

Shares of Restaurant Brands International (QSR) traded down 0.78% during mid-day trading on Thursday, hitting $59.81. 817,642 shares of the stock were exchanged. The firm has a 50-day moving average price of $61.12 and a 200 day moving average price of $56.70. Restaurant Brands International has a 12-month low of $42.35 and a 12-month high of $62.94. The company has a market capitalization of $14.09 billion, a PE ratio of 41.45 and a beta of 1.81.

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In related news, EVP Jose E. Cil sold 1,760 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $59.75, for a total value of $105,160.00. Following the transaction, the executive vice president now owns 22,855 shares in the company, valued at $1,365,586.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jose E. Cil sold 105,540 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $59.86, for a total value of $6,317,624.40. Following the completion of the transaction, the executive vice president now owns 58,644 shares in the company, valued at approximately $3,510,429.84. The disclosure for this sale can be found here. Insiders sold 250,000 shares of company stock worth $14,849,219 in the last 90 days. 4.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Restaurant Brands International by 4.0% in the first quarter. Principal Financial Group Inc. now owns 8,364,353 shares of the restaurant operator’s stock worth $466,229,000 after buying an additional 321,262 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Restaurant Brands International by 17.2% in the first quarter. OppenheimerFunds Inc. now owns 477,240 shares of the restaurant operator’s stock worth $26,601,000 after buying an additional 69,988 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Restaurant Brands International by 15.4% in the first quarter. Russell Investments Group Ltd. now owns 138,985 shares of the restaurant operator’s stock worth $7,722,000 after buying an additional 18,548 shares in the last quarter. Stevens Capital Management LP acquired a new position in Restaurant Brands International during the first quarter worth about $1,367,000. Finally, Creative Planning boosted its position in Restaurant Brands International by 1,949.5% in the second quarter. Creative Planning now owns 43,059 shares of the restaurant operator’s stock worth $2,693,000 after buying an additional 40,958 shares in the last quarter. Hedge funds and other institutional investors own 75.68% of the company’s stock.

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.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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