JPMorgan Chase & Co. Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Key Points

• JPMorgan lowered Restaurant Brands International’s price target from $82 to $78 while maintaining an “overweight” rating, implying approximately 9.29% upside from the stock’s $71.37 price.
• Analyst sentiment remains positive overall: QSR has a consensus “Moderate Buy” rating and an average price target of $83.71, based on 16 Buy and eight Hold ratings.
• Restaurant Brands reported quarterly EPS of $1.07, beating estimates of $1.04, while revenue reached $2.52 billion and increased 4.6% year over year.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $82.00 to $78.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 9.29% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada set a $85.00 price target on shares of Restaurant Brands International and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Citigroup increased their price objective on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Guggenheim raised their target price on shares of Restaurant Brands International from $85.00 to $86.00 and gave the company a "buy" rating in a research report on Friday, September 18th. TD Cowen boosted their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, July 9th. Finally, Evercore reissued an "outperform" rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.06 during trading on Tuesday, reaching $71.37. 124,797 shares of the company's stock were exchanged, compared to its average volume of 3,220,811. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International has a 1-year low of $64.11 and a 1-year high of $81.96. The company has a market cap of $24.89 billion, a P/E ratio of 19.25, a PEG ratio of 2.01 and a beta of 0.51. The firm'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 released its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 earnings per share. As a group, research analysts anticipate that Restaurant Brands International will post 4.01 earnings per share for the current year.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the firm's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares of the company's stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds have recently made changes to their positions in the stock. Platinum Paramount Investment LTD. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $281,033,000. Norges Bank bought a new stake in Restaurant Brands International during the fourth quarter valued at $260,709,000. Capital World Investors boosted its position in Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator's stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares during the last quarter. Bank of America Corp DE grew its holdings in Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator's stock worth $364,524,000 after acquiring an additional 2,910,454 shares during the period. Finally, EdgePoint Investment Group Inc. raised its position in shares of Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.

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