Restaurant Brands International (NYSE:QSR) Receives "Buy" Rating from TD Cowen

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR's stock had its "buy" rating reaffirmed by TD Cowen in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $90.00 price objective on the restaurant operator's stock. TD Cowen's price target would indicate a potential upside of 24.19% from the stock's current price.

QSR has been the topic of a number of other research reports. Evercore ISI boosted their price target 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. Truist Financial dropped their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, February 14th. Scotiabank dropped their target price on shares of Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 14th. Oppenheimer boosted their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an "outperform" rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada decreased their price target on shares of Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.30.

Restaurant Brands International Trading Down 2.4 %

Shares of NYSE QSR traded down $1.77 during midday trading on Wednesday, reaching $72.47. The stock had a trading volume of 2,436,971 shares, compared to its average volume of 1,459,565. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The company's 50 day moving average price is $77.91 and its 200 day moving average price is $73.67.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. As a group, sell-side analysts expect that Restaurant Brands International will post 3.39 EPS for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the firm's 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 sale, the chief financial officer now 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 can be accessed through the SEC website. In other news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 55,863 shares of the company's stock, valued at $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company's stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock valued at $28,828,182 over the last 90 days. Insiders own 1.25% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Restaurant Brands International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator's stock worth $17,623,000 after purchasing an additional 2,830 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Restaurant Brands International by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator's stock worth $536,000 after purchasing an additional 229 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Restaurant Brands International by 12.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator's stock worth $301,000 after purchasing an additional 577 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Restaurant Brands International by 73.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator's stock worth $413,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Restaurant Brands International by 99.3% in the first quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator's stock worth $21,798,000 after purchasing an additional 185,998 shares during the last quarter. 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.