Restaurant Brands International (NYSE:QSR) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup analysts have increased the price target for Restaurant Brands International's stock from $75.00 to $76.00, indicating a potential upside of 9.91% from its previous close.
• The stock received mixed ratings from various analysts, with ten holding a "buy" rating, one a "sell" rating, and a total of twelve issuing a "neutral" rating.
• Following the latest trading session, shares of Restaurant Brands International decreased by 0.6%, bringing its current trading value to $69.15.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price lifted by stock analysts at Citigroup from $75.00 to $76.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Citigroup's price target would indicate a potential upside of 11.78% from the stock's previous close.

QSR has been the topic of several other reports. Robert W. Baird dropped their target price on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Truist Financial increased 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. Scotiabank raised Restaurant Brands International to a "hold" rating and set a $75.00 target price on the stock in a research report on Wednesday, June 18th. 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 on the stock. Finally, Guggenheim increased their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $76.09.

Restaurant Brands International Stock Performance

Shares of QSR stock traded up $0.13 on Monday, hitting $67.99. 190,395 shares of the stock traded hands, compared to its average volume of 2,466,391. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The company has a market capitalization of $22.29 billion, a PE ratio of 23.03, a PEG ratio of 2.14 and a beta of 0.58. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $74.09. The company's fifty day moving average is $68.59 and its 200 day moving average is $66.16.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The business's revenue was up 21.3% on a year-over-year basis. On average, equities research analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. Capital World Investors lifted its stake in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after acquiring an additional 841,167 shares in the last quarter. Royal Bank of Canada lifted its stake in Restaurant Brands International by 16.7% in the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock worth $1,507,839,000 after acquiring an additional 3,230,735 shares in the last quarter. Vanguard Group Inc. lifted its stake in Restaurant Brands International by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock worth $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Restaurant Brands International by 7.0% in the 1st quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator's stock worth $914,463,000 after acquiring an additional 896,034 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Restaurant Brands International by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after acquiring an additional 47,192 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other 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.