Restaurant Brands International (NYSE:QSR) Price Target Increased to $88.00 by Analysts at TD Securities

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by stock analysts at TD Securities from $84.00 to $88.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Securities’ price target points to a potential upside of 19.48% from the company’s previous close.

A number of other brokerages have also weighed in on QSR. Truist Financial increased their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Piper Sandler lowered their target price on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday. Guggenheim raised their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Citigroup lowered their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.96.

Restaurant Brands International Stock Down 2.9 %

QSR traded down $2.20 during trading on Wednesday, hitting $73.65. 1,295,440 shares of the company’s stock were exchanged, compared to its average volume of 1,479,518. Restaurant Brands International has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock has a market cap of $23.30 billion, a P/E ratio of 19.51, a PEG ratio of 2.19 and a beta of 0.91. The business’s 50 day moving average is $76.64 and its two-hundred day moving average is $74.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, equities analysts expect that Restaurant Brands International will post 3.38 earnings per share for the current fiscal year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares in the company, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the company. Aviva PLC increased its holdings in Restaurant Brands International by 1.3% during the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator’s stock worth $784,000 after purchasing an additional 149 shares during the period. Parallel Advisors LLC increased its holdings in Restaurant Brands International by 24.1% during the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. increased its holdings in Restaurant Brands International by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator’s stock worth $423,000 after purchasing an additional 168 shares during the period. Assenagon Asset Management S.A. increased its holdings in Restaurant Brands International by 3.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares during the period. Finally, Rise Advisors LLC increased its holdings in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

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.