Restaurant Brands International (NYSE:QSR) Price Target Raised to $76.00

Key Points

• TD Cowen raised its price target on Restaurant Brands International from $72 to $76 but kept a "hold" rating, implying about a 2% downside from the current share price.
• Analyst consensus remains a "Moderate Buy" with a mean price target of $79.38; numerous brokers have recently lifted targets into the low-to-mid $80s while ratings are split (14 Buy, 8 Hold, 1 Sell).
• QSR beat quarterly expectations (EPS $0.96 vs. $0.93; revenue $2.47B, +7.4% YoY) and trades near $77.58 with a ~$26.9B market cap, but insiders sold roughly 441,490 shares (~$32.4M) over the past three months.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective hoisted by analysts at TD Cowen from $72.00 to $76.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the restaurant operator's stock. TD Cowen's price objective would indicate a potential downside of 2.03% from the company's current price.

QSR has been the subject of several other reports. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Morgan Stanley lifted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 3rd. Oppenheimer lifted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Truist Financial lifted their target price on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, Piper Sandler raised shares of Restaurant Brands International from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $71.00 to $84.00 in a research note on Monday, March 2nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.38.

Restaurant Brands International Trading Up 1.6%

Shares of QSR opened at $77.58 on Tuesday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $72.20 and a 200-day simple moving average of $69.89. Restaurant Brands International has a 1-year low of $61.33 and a 1-year high of $78.43. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same period last year, the company posted $0.81 EPS. The company's revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Activity at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the business's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the sale, the insider directly owned 162,077 shares of the company's stock, valued at $11,909,417.96. The trade was a 10.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline Friesner sold 30,000 shares of Restaurant Brands International stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider directly owned 165,727 shares in the company, valued at $12,364,891.47. This represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. Lloyd Advisory Services LLC. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its position in Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 346 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the 3rd quarter worth $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Restaurant Brands International during the 4th quarter worth $29,000. Finally, UMB Bank n.a. boosted its position in Restaurant Brands International by 50.4% during the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

About Restaurant Brands International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.