Restaurant Brands International (TSE:QSR) Stock Price Target Cut by Citigroup

Key Points

• Citigroup cut Restaurant Brands International’s price target to C$78 from C$79 while maintaining a “neutral” rating, implying 23.53% downside from the cited share price.
• Analyst sentiment remains mixed, but the stock carries a consensus “Moderate Buy” rating with an average target price of C$81.
• QSR shares fell 0.3% to C$102 during Friday trading; the company has a C$35.42 billion market capitalization and trades at a P/E ratio of 27.49.

Restaurant Brands International (TSE:QSR - Get Free Report) NYSE: QSR had its price target decreased by Citigroup from C$79.00 to C$78.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price would indicate a potential downside of 23.53% from the stock's current price.

Several other research analysts have also commented on QSR. Seaport Research Partners upgraded shares of Restaurant Brands International to a "strong-buy" rating in a report on Tuesday, September 15th. Argus lowered Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Finally, Mizuho upgraded Restaurant Brands International to a "strong-buy" rating in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$81.00.

Restaurant Brands International Trading Down 0.3%

Shares of QSR stock traded down C$0.31 during trading hours on Friday, reaching C$102.00. The company's stock had a trading volume of 661,807 shares, compared to its average volume of 1,086,916. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 406.52. Restaurant Brands International has a one year low of C$89.08 and a one year high of C$113.10. The stock has a market capitalization of C$35.42 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.22 and a beta of 0.34. The firm's fifty day simple moving average is C$104.82 and its 200 day simple moving average is C$102.67.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Vicente Tome sold 2,258 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$112.93, for a total transaction of C$254,995.94. Following the completion of the sale, the director directly owned 13,264 shares in the company, valued at C$1,497,903.52. The trade was a 14.55% decrease in their position. Corporate insiders own 1.24% of the company's stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is one of the world's largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

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