Restaurant Brands International (NYSE:QSR) Given New $78.00 Price Target at JPMorgan Chase & Co.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lowered by analysts at JPMorgan Chase & Co. from $82.00 to $78.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.29% from the stock’s previous close.

QSR has been the subject of several other research reports. Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Robert W. Baird boosted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Scotiabank dropped their target price on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Restaurant Brands International Stock Down 0.1%

NYSE:QSR traded down $0.06 during trading hours on Tuesday, reaching $71.37. The company had a trading volume of 124,797 shares, compared to its average volume of 3,220,811. Restaurant Brands International has a twelve month low of $64.11 and a twelve month high of $81.96. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 2.01 and a beta of 0.51. The business’s 50-day simple moving average is $75.77 and its two-hundred day simple moving average is $75.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, equities analysts expect that Restaurant Brands International will post 4.01 earnings per share for the current year.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of the business. Andra AP fonden lifted its holdings in Restaurant Brands International by 5,141.7% during the second quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock worth $4,561,000 after acquiring an additional 61,700 shares during the period. Engineers Gate Manager LP grew its stake in Restaurant Brands International by 150.7% in the 2nd quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock valued at $2,641,000 after purchasing an additional 21,897 shares during the period. NewEdge Advisors LLC grew its stake in Restaurant Brands International by 1,440.5% in the 2nd quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock valued at $6,843,000 after purchasing an additional 88,246 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of Restaurant Brands International during the 2nd quarter valued at $352,000. Finally, Allworth Financial LP raised its stake in shares of Restaurant Brands International by 6.4% during the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 136 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.