Restaurant Brands International (NYSE:QSR) Given Outperform Rating at Oppenheimer

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “outperform” rating restated by research analysts at Oppenheimer in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $80.00 price target on the restaurant operator’s stock. Oppenheimer’s target price suggests a potential upside of 10.82% from the stock’s current price.

A number of other research firms also recently commented on QSR. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a report on Tuesday, October 21st. Guggenheim lifted their price target on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Scotiabank increased their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.76.

Restaurant Brands International Price Performance

Shares of QSR stock traded up $2.25 on Tuesday, reaching $72.19. 950,093 shares of the company were exchanged, compared to its average volume of 2,565,296. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $72.36. 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 business has a 50-day moving average price of $66.99 and a 200 day moving average price of $67.11. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 2.80 and a beta of 0.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Equities research analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QSR. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Restaurant Brands International during the third quarter worth about $29,000. Legend Financial Advisors Inc. acquired a new position in Restaurant Brands International in the 2nd quarter valued at about $33,000. CX Institutional raised its stake in Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the 2nd quarter valued at approximately $35,000. Finally, Smartleaf Asset Management LLC lifted its position in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 260 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.