Citigroup Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Key Points

• Citigroup lowered the price target for Restaurant Brands International from $76.00 to $72.00, maintaining a "neutral" rating, which suggests a potential upside of 11.03% from the current stock price.
• Other analysts have also adjusted their price targets, with Sanford C. Bernstein setting a target of $78.00 and Royal Bank of Canada lowering their target to $77.00.
• Restaurant Brands International's stock is currently trading at $64.85, having a market cap of $21.26 billion and a P/E ratio of 22.00.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price reduced by equities research analysts at Citigroup from $76.00 to $72.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Citigroup's price objective would indicate a potential upside of 10.22% from the stock's current price.

Several other brokerages also recently weighed in on QSR. Wells Fargo & Company cut their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank raised Restaurant Brands International to a "hold" rating and set a $75.00 target price on the stock in a research note on Wednesday, June 18th. Melius began coverage on Restaurant Brands International in a research note on Monday, July 14th. They issued a "buy" rating and a $90.00 price objective on the stock. Oppenheimer boosted their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Finally, Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded up $0.51 during mid-day trading on Friday, hitting $65.32. 216,633 shares of the company's stock traded hands, compared to its average volume of 2,482,128. The firm has a 50 day moving average price of $67.88 and a 200 day moving average price of $66.52. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The company has a market cap of $21.41 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.58. Restaurant Brands International has a one year low of $58.71 and a one year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, equities analysts forecast that Restaurant Brands International will post 3.72 EPS for the current year.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.25% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dunhill Financial LLC grew its holdings in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares in the last quarter. HM Payson & Co. purchased a new position in Restaurant Brands International in the first quarter valued at about $26,000. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International in the second quarter valued at about $33,000. CX Institutional grew its stake in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 464 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.