Restaurant Brands International (NYSE:QSR) Price Target Cut to $78.00

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price decreased by investment analysts at Citigroup from $81.00 to $78.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Citigroup's target price indicates a potential upside of 10.14% from the company's current price.

A number of other research firms also recently issued reports on QSR. Stifel Nicolaus lifted their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, January 4th. Stephens reissued an "equal weight" rating and set a $75.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. TD Cowen reissued a "buy" rating and set a $90.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Finally, Evercore ISI lifted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $82.25.

Restaurant Brands International Trading Up 0.4 %

NYSE:QSR traded up $0.29 during trading hours on Tuesday, hitting $70.82. 1,646,422 shares of the company were exchanged, compared to its average volume of 1,455,379. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. Restaurant Brands International has a one year low of $61.77 and a one year high of $83.29. The company has a fifty day simple moving average of $77.36 and a 200 day simple moving average of $73.85.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. Restaurant Brands International's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Sell-side analysts expect that Restaurant Brands International will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Granat sold 23,322 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $1,761,977.10. Following the completion of the transaction, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jill Granat sold 23,322 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $1,761,977.10. Following the completion of the transaction, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company's stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. Corporate insiders own 1.25% of the company's stock.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in QSR. Mather Group LLC. bought a new stake in Restaurant Brands International in the first quarter worth $25,000. Pacifica Partners Inc. lifted its stake in 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 during the last quarter. Rise Advisors LLC lifted its stake in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new stake in Restaurant Brands International in the fourth quarter worth $30,000. Finally, Montag A & Associates Inc. bought a new stake in Restaurant Brands International in the fourth quarter worth $30,000. 82.29% of the stock is owned by institutional investors.

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.