Restaurant Brands International's (QSR) Hold Rating Reaffirmed at Argus

Key Points

• Argus reaffirmed its “hold” rating on Restaurant Brands International, while analysts overall maintain a “Moderate Buy” consensus and an average price target of $84.04.
• RBI reported quarterly EPS of $1.07, exceeding estimates of $1.04, while revenue reached $2.52 billion, up 4.6% year over year.
• Shares opened at $70.89, below their 50-day and 200-day moving averages; insider Axel Schwan also sold 57,574 shares for approximately $4.67 million.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR's stock had its "hold" rating reissued by investment analysts at Argus in a research report issued on Friday, Benzinga reports.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Seaport Research Partners assumed coverage on shares of Restaurant Brands International in a report on Wednesday, September 16th. They issued a "buy" rating and a $88.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Evercore reissued an "outperform" rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research note on Friday, August 7th. Finally, Scotiabank reduced their target price on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Fifteen 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 presently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $70.89 on Friday. The firm has a market cap of $24.73 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The business's 50 day moving average is $75.89 and its 200-day moving average is $75.52. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. Restaurant Brands International has a 1-year low of $64.10 and a 1-year high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced 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. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. Restaurant Brands International's quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts predict that Restaurant Brands International will post 4.04 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction dated 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 sale, the insider directly owned 209,908 shares of the company's stock, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in shares of Restaurant Brands International by 6.4% in the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator's stock worth $164,000 after purchasing an additional 136 shares during the period. Syon Capital LLC increased its position in shares of Restaurant Brands International by 2.4% during the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator's stock valued at $445,000 after buying an additional 146 shares during the period. Private Advisor Group LLC raised its stake in Restaurant Brands International by 4.1% in the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator's stock worth $322,000 after buying an additional 170 shares in the last quarter. Versant Capital Management Inc raised its stake in Restaurant Brands International by 6.3% in the second quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator's stock worth $252,000 after buying an additional 207 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA lifted its holdings in Restaurant Brands International by 0.4% in the second quarter. Nichols & Pratt Advisers LLP MA now owns 54,969 shares of the restaurant operator's stock worth $3,986,000 after buying an additional 215 shares during the period. 82.29% of the stock is currently 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 and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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