Restaurant Brands International (NYSE:QSR) Price Target Raised to $80.00 at Oppenheimer

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target lifted by analysts at Oppenheimer from $77.00 to $80.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Oppenheimer's price objective suggests a potential upside of 12.14% from the stock's current price.

Several other research analysts have also weighed in on QSR. Barclays dropped their target price on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. UBS Group decreased their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird cut their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Jefferies Financial Group dropped their target price on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.91.

Restaurant Brands International Stock Up 0.9%

Shares of NYSE:QSR traded up $0.64 during mid-day trading on Tuesday, hitting $71.34. 3,459,968 shares of the company traded hands, compared to its average volume of 1,894,329. The firm has a market cap of $23.37 billion, a P/E ratio of 22.43, a PEG ratio of 1.77 and a beta of 0.60. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $75.07. The firm's 50 day simple moving average is $66.08 and its 200 day simple moving average is $65.85.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Restaurant Brands International's revenue was up 21.3% compared to the same quarter last year. On average, equities analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider now directly owns 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the business. Inkwell Capital LLC acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $3,370,000. Summerhill Capital Management lnc. acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $841,000. Aviso Financial Inc. increased its holdings in shares of Restaurant Brands International by 4.1% during the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock valued at $61,384,000 after acquiring an additional 37,241 shares in the last quarter. Baskin Financial Services Inc. increased its holdings in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock valued at $21,664,000 after acquiring an additional 9,208 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in shares of Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.