Restaurant Brands International (NYSE:QSR) Price Target Cut to $70.00 by Analysts at Piper Sandler

Key Points

• Piper Sandler has reduced the price target for Restaurant Brands International from $72.00 to $70.00, maintaining a "neutral" rating on the stock.
• The company's shares opened at $65.19 and have a recent market cap of $21.37 billion, with earnings per share (EPS) reported at $0.94, below the consensus estimate.
• Analysts have mixed ratings for the stock, with one sell, ten hold, and twelve buy ratings, reflecting diverse sentiment among investment professionals.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective reduced by analysts at Piper Sandler from $72.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price target would indicate a potential upside of 7.38% from the stock's previous close.

QSR has been the topic of a number of other reports. Truist Financial lifted their target price on Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. CIBC lowered their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Melius initiated coverage on Restaurant Brands International in a research report on Monday, July 14th. They issued a "buy" rating and a $90.00 target price for the company. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating and set a $75.00 price target on the stock in a research note on Wednesday, June 18th. Finally, Citigroup boosted their price target on shares of Restaurant Brands International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.96.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $65.19 on Friday. The business's 50 day moving average is $68.29 and its two-hundred day moving average is $66.41. The company has a market cap of $21.37 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.14 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. Restaurant Brands International's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities analysts expect that Restaurant Brands International will post 3.72 EPS for the current year.

Insider Activity

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider owned 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. Dunhill Financial LLC increased 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 purchasing an additional 200 shares during the period. HM Payson & Co. bought a new position in shares of Restaurant Brands International in the 1st quarter valued at about $26,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $33,000. CX Institutional grew its position in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator's stock worth $34,000 after buying an additional 464 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares during the period. 82.29% of the stock is owned by institutional investors.

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.

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