Research analysts at Evercore ISI began coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a report released on Monday. The firm set an “outperform” rating and a $75.00 price target on the restaurant operator’s stock. Evercore ISI’s price objective points to a potential upside of 24.07% from the stock’s current price.

A number of other equities analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, September 12th. Credit Suisse Group upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $60.00 to $74.00 in a research note on Thursday, September 7th. Oppenheimer lifted their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Finally, Wells Fargo & Company lifted their price objective on Restaurant Brands International from $60.00 to $68.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.18.

Restaurant Brands International (NYSE QSR) traded down $0.26 during midday trading on Monday, reaching $60.45. The company’s stock had a trading volume of 1,355,900 shares, compared to its average volume of 1,107,949. Restaurant Brands International has a one year low of $46.88 and a one year high of $68.89. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $14,420.60, a price-to-earnings ratio of 32.12, a P/E/G ratio of 1.80 and a beta of 1.69.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Restaurant Brands International had a return on equity of 23.53% and a net margin of 12.40%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. analysts forecast that Restaurant Brands International will post 1.99 earnings per share for the current fiscal year.

In other Restaurant Brands International news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total transaction of $262,073,431.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Caira sold 49,804 shares of Restaurant Brands International stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the sale, the director now directly owns 124,643 shares in the company, valued at $8,179,073.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,249,909 shares of company stock worth $339,590,312. 3.05% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Restaurant Brands International by 9.0% during the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 261 shares in the last quarter. AXA boosted its holdings in shares of Restaurant Brands International by 7.6% in the 2nd quarter. AXA now owns 8,179 shares of the restaurant operator’s stock worth $511,000 after acquiring an additional 579 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Restaurant Brands International by 8.4% in the 2nd quarter. US Bancorp DE now owns 9,007 shares of the restaurant operator’s stock worth $563,000 after acquiring an additional 698 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Restaurant Brands International by 0.4% in the 2nd quarter. Northern Trust Corp now owns 221,729 shares of the restaurant operator’s stock worth $13,867,000 after acquiring an additional 777 shares in the last quarter. 78.39% of the stock is currently owned by institutional investors.

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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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