Restaurant Brands International (NYSE:QSR) Stock Keeps "Hold" Rating at TD Cowen

Key Points

• TD Cowen reiterated its “Hold” rating on Restaurant Brands International, maintaining a $78 price target—about 4.85% above the current share price.
• Analyst sentiment is somewhat more positive overall, with 16 Buy ratings and nine Holds giving QSR a consensus “Moderate Buy” rating and an average target of $83.52.
• QSR shares opened at $74.39, while the company’s latest quarter showed adjusted earnings of $1.10 per share, beating estimates, although revenue of $2.52 billion fell slightly short of expectations.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR's stock had its "hold" rating reiterated by research analysts at TD Cowen in a note issued to investors on Thursday, Benzinga reports. They currently have a $78.00 target price on the restaurant operator's stock. TD Cowen's price target suggests a potential upside of 4.85% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler decreased their price objective on Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Morgan Stanley increased their target price on Restaurant Brands International from $79.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. Mizuho assumed coverage on Restaurant Brands International in a research note on Tuesday, October 20th. They issued an "outperform" rating and a $85.00 price target on the stock. CL King set a $80.00 price target on Restaurant Brands International in a report on Monday, August 10th. Finally, Scotia dropped their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of "Moderate Buy" and a consensus target price of $83.52.

Restaurant Brands International Stock Up 0.5%

Shares of NYSE QSR opened at $74.39 on Thursday. The firm has a market cap of $25.94 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.52. 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 $64.52 and a 1 year high of $81.96. The firm's 50 day moving average price is $74.85 and its 200 day moving average price is $73.90.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. Restaurant Brands International's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. As a group, sell-side analysts anticipate that Restaurant Brands International will post 4.04 earnings per share for the current year.

Insider Activity

In other news, insider Axel Schwan sold 57,574 shares of the business's stock in a transaction 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 of the company's stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently made changes to their positions in QSR. Bank of America Corp DE increased its position 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 purchasing an additional 2,910,454 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in Restaurant Brands International by 16.2% in the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock valued at $1,432,015,000 after buying an additional 2,703,134 shares during the period. London Co. of Virginia purchased a new position in Restaurant Brands International in the first quarter valued at approximately $147,967,000. Cullen Capital Management LLC acquired a new position in Restaurant Brands International during the second quarter valued at approximately $128,350,000. Finally, Bank of New York Mellon Corp acquired a new position in Restaurant Brands International during the second quarter valued at approximately $78,678,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.

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