TD Securities Trims Restaurant Brands International (NYSE:QSR) Target Price to $84.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lowered by equities research analysts at TD Securities from $90.00 to $84.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Securities’ price target would indicate a potential upside of 17.58% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Stephens reiterated an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Evercore ISI upped their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Scotiabank dropped their price target on shares of Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Truist Financial reduced their price target on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Finally, Piper Sandler dropped their price objective on Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $82.36.

Restaurant Brands International Stock Down 1.1 %

Shares of NYSE:QSR traded down $0.77 during midday trading on Friday, hitting $71.44. The stock had a trading volume of 543,653 shares, compared to its average volume of 1,445,833. 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 business’s 50-day simple moving average is $77.77 and its 200-day simple moving average is $73.66. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. The company has a market cap of $22.60 billion, a P/E ratio of 18.90, a PEG ratio of 2.18 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, sell-side analysts forecast that Restaurant Brands International will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In other news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now directly owns 128,154 shares in the company, valued at $9,682,034.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Matthew Dunnigan sold 46,701 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is currently owned by company insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently bought and sold shares of the business. Aviva PLC raised its stake in shares of Restaurant Brands International by 1.3% in the third 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 last quarter. Parallel Advisors LLC raised its position in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake 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 valued at $423,000 after acquiring an additional 168 shares in the last quarter. Rise Advisors LLC boosted 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 acquiring an additional 174 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC grew its stake in shares of Restaurant Brands International by 35.8% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 660 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.