Restaurant Brands International (NYSE:QSR) Price Target Raised to $73.00

Key Points

• Scotiabank has raised its price target for Restaurant Brands International from $71.00 to $73.00, indicating a potential upside of 8.46% from the stock's current price of approximately $67.31.
• Despite the positive outlook from Scotiabank, Northcoast Research downgraded the stock from "buy" to "neutral" recently, showcasing mixed ratings among analysts.
• Restaurant Brands International reported a quarterly earnings miss with an EPS of $0.94, below the expected $0.97, but experienced a year-over-year revenue growth of 15.9% to $2.41 billion.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target raised by Scotiabank from $71.00 to $73.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the restaurant operator's stock. Scotiabank's target price would indicate a potential upside of 8.46% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Northcoast Research cut Restaurant Brands International from a "buy" rating to a "neutral" rating in a research note on Friday, September 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of Restaurant Brands International in a report on Wednesday. Guggenheim increased their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Finally, Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.13.

Restaurant Brands International Price Performance

QSR traded up $0.05 on Wednesday, hitting $67.31. 1,844,839 shares of the company's stock traded hands, compared to its average volume of 2,563,005. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 2.97 and a beta of 0.65. The company's 50 day simple moving average is $64.78 and its 200-day simple moving average is $66.28. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. Restaurant Brands International has a one year low of $58.71 and a one year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results 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 company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter last year, the firm posted $0.86 EPS. Restaurant Brands International's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current year.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HM Payson & Co. acquired a new stake in Restaurant Brands International during the first quarter worth $26,000. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International in the second quarter valued at $33,000. CX Institutional boosted its holdings in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 464 shares during the period. Private Trust Co. NA lifted its holdings in 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 last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the 2nd quarter worth about $35,000. 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.

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