Jefferies Financial Group Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Key Points

• Jefferies lowered its price target for Restaurant Brands International from $82 to $78 while maintaining an “overweight” rating, implying 8.65% upside from the prior close.
• Analyst sentiment remains broadly positive, with 16 Buy ratings and eight Holds producing a “Moderate Buy” consensus and an average price target of $83.79.
• QSR shares traded at $71.79, while the company reported quarterly EPS of $1.07, beating estimates, and revenue of $2.52 billion, up 4.6% year over year.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective reduced by investment analysts at Jefferies Financial Group from $82.00 to $78.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. Jefferies Financial Group's target price suggests a potential upside of 8.65% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Argus reissued a "hold" rating on shares of Restaurant Brands International in a research report on Friday. TD Cowen upped their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research report on Thursday, July 9th. Citigroup increased their price objective on Restaurant Brands International from $78.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Piper Sandler dropped their price objective on Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.79.

Restaurant Brands International Price Performance

QSR traded up $0.36 during midday trading on Tuesday, reaching $71.79. 72,598 shares of the company's stock were exchanged, compared to its average volume of 3,220,660. Restaurant Brands International has a 1-year low of $64.11 and a 1-year high of $81.96. The stock has a market capitalization of $25.04 billion, a PE ratio of 19.29, a P/E/G ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The business's 50-day moving average price is $75.77 and its 200 day moving average price is $75.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the company posted $0.94 EPS. The company's revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Restaurant Brands International will post 4.01 EPS for the current fiscal year.

Insider Activity

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.22% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Restaurant Brands International by 1,440.5% in the second quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator's stock worth $6,843,000 after purchasing an additional 88,246 shares in the last quarter. Geode Capital Management LLC grew its position in Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator's stock valued at $365,279,000 after purchasing an additional 295,935 shares in the last quarter. Fiera Capital Corp increased its stake in Restaurant Brands International by 38.2% in the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator's stock valued at $466,595,000 after buying an additional 1,889,359 shares during the period. Norges Bank acquired a new position in Restaurant Brands International in the 4th quarter valued at approximately $260,709,000. Finally, AXQ Capital LP purchased a new stake in Restaurant Brands International in the 2nd quarter worth approximately $1,195,000. 82.29% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company's brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.