Restaurant Brands International (NYSE:QSR) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered Restaurant Brands International’s price target from $80 to $78 and maintained a “hold” rating, implying approximately 11% upside from the stock’s $70.28 opening price.
• Analyst sentiment remains broadly positive, with 16 buy ratings and eight holds producing a “Moderate Buy” consensus and an average target price of $83.62.
• Restaurant Brands reported quarterly EPS of $1.07, exceeding estimates of $1.04, while revenue reached $2.52 billion, up 4.6% year over year. An insider subsequently sold 57,574 shares, reducing their position by 21.52%.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price lowered by research analysts at TD Cowen from $80.00 to $78.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. TD Cowen's price objective indicates a potential upside of 10.98% from the stock's current price.

A number of other equities analysts have also recently commented on QSR. JPMorgan Chase & Co. dropped their target price on Restaurant Brands International from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. Evercore reiterated an "outperform" rating and set a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Finally, Seaport Research Partners started coverage on shares of Restaurant Brands International in a report on Wednesday, September 16th. They issued a "buy" rating and a $88.00 price target on the stock. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.62.

Restaurant Brands International Trading Up 0.6%

Shares of QSR opened at $70.28 on Wednesday. The company's fifty day moving average is $75.40 and its 200 day moving average is $75.38. Restaurant Brands International has a fifty-two week low of $64.52 and a fifty-two week high of $81.96. The stock has a market capitalization of $24.51 billion, a PE ratio of 18.89, a P/E/G ratio of 1.90 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 (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. Sell-side analysts expect that Restaurant Brands International will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Axel Schwan sold 57,574 shares of the company'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 value of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares of the company's stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.22% of the company's stock.

Institutional Trading of Restaurant Brands International

Institutional investors have recently modified their holdings of the company. Groupe la Francaise bought a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $27,000. Western Wealth Management LLC purchased a new position in Restaurant Brands International during the 1st quarter worth $28,000. CoreCap Advisors LLC increased its position in Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock valued at $34,000 after buying an additional 350 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Restaurant Brands International in the second quarter valued at about $37,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Restaurant Brands International in the first quarter valued at about $40,000. 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.

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.