Restaurant Brands International (NYSE:QSR) Given New $81.00 Price Target at Scotiabank

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective raised by investment analysts at Scotiabank from $80.00 to $81.00 in a note issued to investors on Monday, MarketBeat.com reports. The firm presently has an "outperform" rating on the restaurant operator's stock. Scotiabank's price target points to a potential upside of 9.70% from the company's current price.

Other equities analysts also recently issued research reports about the company. TD Cowen reissued a "buy" rating and set a $90.00 price target on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Guggenheim raised their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Truist Financial dropped their price target on Restaurant Brands International from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Wednesday, February 14th. CIBC dropped their price target on Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday, January 17th. Finally, Evercore raised their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $82.29.

Restaurant Brands International Stock Performance

Shares of QSR stock traded up $0.02 during trading hours on Monday, reaching $73.84. 2,578,301 shares of the company's stock were exchanged, compared to its average volume of 1,461,163. The company has a market cap of $23.36 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The company's 50 day moving average is $76.72 and its two-hundred day moving average is $74.35. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.72 EPS. Restaurant Brands International's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Insider Activity

In other news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares of the company's stock, valued at $4,260,112.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares of the company's stock, valued at approximately $4,260,112.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the chief executive officer now directly owns 471,746 shares of the company's stock, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 over the last three months. 1.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Restaurant Brands International in the first quarter worth $25,000. Pacifica Partners Inc. increased its stake in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its stake in Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 174 shares in the last quarter. Montag A & Associates Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $30,000. Finally, Oakworth Capital Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $30,000. 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.