Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lifted by stock analysts at SunTrust Banks from $60.00 to $63.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has a "buy" rating on the restaurant operator's stock. SunTrust Banks' target price indicates a potential upside of 13.92% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. Cowen raised their price objective on Restaurant Brands International from $44.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, May 4th. They noted that the move was a valuation call. Stifel Nicolaus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating and raised their price objective for the company from $53.00 to $62.00 in a report on Thursday, May 14th. Zacks Investment Research upgraded Restaurant Brands International from a "sell" rating to a "hold" rating and set a $57.00 price objective for the company in a report on Wednesday, May 27th. KeyCorp raised their price objective on Restaurant Brands International from $54.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Finally, Oppenheimer restated a "buy" rating and issued a $62.00 price objective on shares of Restaurant Brands International in a report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company's stock. Restaurant Brands International currently has a consensus rating of "Buy" and an average target price of $63.59.
Shares of QSR traded up $0.05 during midday trading on Tuesday, hitting $55.30. The stock had a trading volume of 394,620 shares, compared to its average volume of 2,716,540. The company has a 50 day simple moving average of $54.75 and a two-hundred day simple moving average of $55.05. Restaurant Brands International has a twelve month low of $25.08 and a twelve month high of $79.46. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.94 and a beta of 1.38. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.08 and a quick ratio of 2.02.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Friday, May 1st. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by ($0.02). Restaurant Brands International had a net margin of 11.72% and a return on equity of 31.08%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.55 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast that Restaurant Brands International will post 1.96 EPS for the current fiscal year.
In related news, insider Felipe A. Athayde sold 43,476 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $49.41, for a total value of $2,148,149.16. Following the completion of the transaction, the insider now directly owns 14,429 shares of the company's stock, valued at approximately $712,936.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.69% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in Restaurant Brands International by 2,494.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 441 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 424 shares during the period. WASHINGTON TRUST Co acquired a new stake in shares of Restaurant Brands International during the first quarter valued at $34,000. Allred Capital Management LLC boosted its stake in shares of Restaurant Brands International by 42.8% during the first quarter. Allred Capital Management LLC now owns 1,207 shares of the restaurant operator's stock valued at $49,000 after acquiring an additional 362 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Restaurant Brands International by 26.9% during the first quarter. Signaturefd LLC now owns 1,619 shares of the restaurant operator's stock valued at $65,000 after acquiring an additional 343 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Restaurant Brands International by 42.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,723 shares of the restaurant operator's stock worth $75,000 after buying an additional 515 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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Restaurant Stocks That Still Look Tasty As the Economy Reopens
As part of our national response to the Covid-19 pandemic, many Americans considered it their patriotic, if not moral, duty to support the restaurant industry. And while many consumers were intensely focused on their small, local restaurants, the national chains were still open for business during this time.
And the reality is that the national chains are going to be the most adaptable to whatever pace of economic recovery we see. Hopes for a “V” shaped recovery have pretty much gone out the window. The new model suggests a stair-step recovery may be the best-case scenario.
The worst case scenario for the restaurant industry will be one where different regions of the country are subject to rolling lockdowns. In a business with notoriously low margins, an open/close, open/close recovery would be disastrous.
It’s one reason why I’m not sure I would be diving into restaurant stocks right now. But the same was being said of airline stocks and cruise line stocks. And sure enough, discount investors have been trying to invest in these stocks.
But as all 50 states have now re-opened in some fashion, it’s not unlikely that restaurant stocks are drawing attention from investors. We’ve put together this presentation that highlights seven restaurant stocks that you should consider looking at if you want to dive into this sector.
View the "Restaurant Stocks That Still Look Tasty As the Economy Reopens".