Restaurant Brands International (NYSE:QSR) Given New $78.00 Price Target at Guggenheim

Key Points

• Restaurant Brands International's price target has been increased to $78.00 by Guggenheim, indicating a potential upside of 19.43% from its previous close.
• The company recently reported a quarterly earnings per share of $0.94, which was below analysts' expectations of $0.97, despite revenue of $2.41 billion exceeding projections.
• Insider trading activity showed a significant sale, with insider Jacqueline Friesner selling 70,000 shares at an average price of $70.08, reflecting a 27.68% decrease in her position.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target upped by stock analysts at Guggenheim from $77.00 to $78.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Guggenheim's price objective points to a potential upside of 19.43% from the stock's previous close.

Several other brokerages also recently issued reports on QSR. Sanford C. Bernstein set a $78.00 target price on shares of Restaurant Brands International in a research note on Friday. Citigroup cut their target price on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. CIBC cut their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. Melius started coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They set a "buy" rating and a $90.00 price objective for the company. Finally, Barclays cut their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Stock Up 0.8%

Shares of Restaurant Brands International stock traded up $0.50 during trading hours on Wednesday, reaching $65.31. 136,217 shares of the company's stock were exchanged, compared to its average volume of 2,482,031. The company has a 50 day moving average of $67.88 and a two-hundred day moving average of $66.52. Restaurant Brands International has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The stock has a market cap of $21.41 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.59 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction 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 directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.25% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QSR. Dunhill Financial LLC grew its position in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. HM Payson & Co. bought a new stake in Restaurant Brands International in the first quarter worth $26,000. Legend Financial Advisors Inc. bought a new stake in Restaurant Brands International in the second quarter worth $33,000. CX Institutional lifted its stake in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 464 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 255 shares during the last quarter. 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.

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