Restaurant Brands International's (QSR) "Buy" Rating Reiterated at TD Cowen

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR's stock had its "buy" rating reaffirmed by investment analysts at TD Cowen in a note issued to investors on Tuesday, Benzinga reports. They currently have a $84.00 price objective on the restaurant operator's stock. TD Cowen's price objective points to a potential upside of 10.76% from the company's current price.

QSR has been the topic of several other research reports. BMO Capital Markets lifted their target price on Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. TD Securities reduced their price objective on Restaurant Brands International from $90.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, April 12th. CIBC cut their price target on Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 17th. Finally, Citigroup cut their target price on Restaurant Brands International from $81.00 to $78.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 16th. One 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $82.07.

Restaurant Brands International Stock Up 2.7 %

NYSE QSR traded up $2.00 on Tuesday, reaching $75.84. The company had a trading volume of 3,250,752 shares, compared to its average volume of 1,482,731. The firm has a market capitalization of $23.99 billion, a PE ratio of 20.19, a P/E/G ratio of 2.19 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a 50-day moving average of $76.65 and a 200-day moving average of $74.42. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion for 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%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, equities research analysts anticipate that Restaurant Brands International will post 3.38 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 161,353 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the transaction, the chief executive officer now owns 578,125 shares of the company's stock, valued at $43,688,906.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the transaction, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. 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. Company insiders own 1.25% of the company's stock.

Institutional Trading of Restaurant Brands International

Hedge funds have recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of Restaurant Brands International by 0.5% in the 4th quarter. Capital World Investors now owns 42,244,556 shares of the restaurant operator's stock valued at $3,300,579,000 after purchasing an additional 227,630 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator's stock worth $1,876,109,000 after acquiring an additional 3,971,774 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator's stock worth $937,963,000 after acquiring an additional 224,111 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Restaurant Brands International by 18.2% during the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator's stock valued at $364,722,000 after buying an additional 717,346 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Restaurant Brands International by 5.6% during the third quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator's stock valued at $290,287,000 after buying an additional 228,654 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

About Restaurant Brands International

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.