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Restaurant Brands International (NYSE:QSR) Price Target Cut to $81.00 by Analysts at Piper Sandler

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Key Points

  • Piper Sandler lowered Restaurant Brands International’s price target from $85 to $81 while maintaining an “overweight” rating, implying about 10% upside from the prior close.
  • Analyst sentiment remains generally positive: QSR has 16 Buy and 8 Hold ratings, with a consensus “Moderate Buy” rating and average target price of $83.91.
  • Restaurant Brands International reported quarterly EPS of $1.07, beating the $1.04 estimate, while revenue rose 4.6% year over year to $2.52 billion.
  • Interested in Restaurant Brands International? Here are five stocks we like better.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective reduced by investment analysts at Piper Sandler from $85.00 to $81.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. Piper Sandler's target price suggests a potential upside of 10.00% from the stock's previous close.

QSR has been the topic of several other research reports. UBS Group increased their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Scotiabank increased their price target on Restaurant Brands International from $81.00 to $83.00 and gave the stock a "sector perform" rating in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on Restaurant Brands International from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Barclays upped their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Finally, Citigroup decreased their target price on Restaurant Brands International from $84.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.91.

Check Out Our Latest Research Report on QSR

Restaurant Brands International Trading Up 1.0%

Shares of NYSE:QSR traded up $0.71 during trading on Friday, hitting $73.63. The company had a trading volume of 642,078 shares, compared to its average volume of 3,276,747. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company has a fifty day simple moving average of $73.76 and a two-hundred day simple moving average of $73.62. Restaurant Brands International has a one year low of $61.33 and a one year high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, equities analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Geode Capital Management LLC grew its position in Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator's stock worth $365,279,000 after purchasing an additional 295,935 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Restaurant Brands International by 38.2% in the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator's stock worth $466,595,000 after buying an additional 1,889,359 shares during the last quarter. UBS Group AG lifted its stake in shares of Restaurant Brands International by 37.0% during the fourth quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator's stock worth $96,125,000 after buying an additional 380,635 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Restaurant Brands International by 851.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator's stock valued at $25,713,000 after buying an additional 336,615 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $260,709,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International News Summary

Here are the key news stories impacting Restaurant Brands International this week:

Restaurant Brands International Company Profile

(Get Free Report)

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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