Restaurant Brands International (NYSE:QSR) Stock Price Expected to Rise, Guggenheim Analyst Says

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by stock analysts at Guggenheim from $79.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s price objective points to a potential upside of 14.42% from the company’s current price.

A number of other analysts have also commented on QSR. Citigroup reduced their target price on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Robert W. Baird increased their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Finally, Barclays dropped their price target on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.75.

Restaurant Brands International Stock Up 3.4%

NYSE:QSR opened at $69.92 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $24.23 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.06 and a beta of 0.58. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The firm has a 50-day simple moving average of $68.56 and a two-hundred day simple moving average of $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 4,617 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $311,693.67. Following the completion of the transaction, the insider directly owned 194,201 shares in the company, valued at approximately $13,110,509.51. The trade was a 2.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Perdue sold 3,882 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $262,073.82. Following the completion of the sale, the insider directly owned 42,906 shares of the company’s stock, valued at $2,896,584.06. This represents a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 186,401 shares of company stock valued at $12,857,069 in the last ninety days. 1.25% of the stock is currently owned by company insiders.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stone Wealth Partners purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at $349,000. Corient Private Wealth LLC raised its holdings in Restaurant Brands International by 87.9% during the fourth quarter. Corient Private Wealth LLC now owns 26,011 shares of the restaurant operator’s stock valued at $1,775,000 after acquiring an additional 12,170 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Restaurant Brands International by 29.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,292 shares of the restaurant operator’s stock valued at $907,000 after acquiring an additional 3,040 shares during the period. NewEdge Advisors LLC lifted its position in shares of Restaurant Brands International by 14.7% in the fourth quarter. NewEdge Advisors LLC now owns 5,847 shares of the restaurant operator’s stock valued at $399,000 after acquiring an additional 750 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Restaurant Brands International by 156.3% in the fourth quarter. Empowered Funds LLC now owns 28,115 shares of the restaurant operator’s stock worth $1,918,000 after acquiring an additional 17,146 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.