Restaurant Brands International (NYSE:QSR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised its price target on Restaurant Brands International to $80 and retained an overweight rating; MarketBeat shows a consensus of "Moderate Buy" with a $81.39 target (16 Buy, 8 Hold, 1 Sell).
• RBI beat the quarter with $0.96 EPS versus $0.93 expected and $2.47B revenue versus $2.41B (revenue +7.4% YoY); the stock trades around $81.04 near its one‑year high, with a market cap of $28.13B and a P/E of 34.31.
• There has been notable insider selling: the CFO sold 40,000 shares and another insider sold 25,000, with insiders selling 441,490 shares (~$32.4M) over the past 90 days, while institutions own 82.29% of the stock.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target boosted by stock analysts at JPMorgan Chase & Co. from $77.00 to $80.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 1.28% from the company's previous close.

QSR has been the subject of a number of other reports. Citigroup upped their target price on Restaurant Brands International from $76.00 to $88.00 and gave the company a "neutral" rating in a report on Thursday. TD Cowen upped their price objective on shares of Restaurant Brands International from $72.00 to $76.00 and gave the stock a "hold" rating in a report on Tuesday, April 14th. Scotiabank dropped their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Finally, Stifel Nicolaus upgraded shares of Restaurant Brands International from a "hold" rating to a "buy" rating and boosted their price target for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.39.

Restaurant Brands International Trading Down 0.2%

QSR stock traded down $0.19 during trading on Friday, hitting $81.04. 972,899 shares of the company traded hands, compared to its average volume of 3,288,033. The company has a 50-day moving average of $73.71 and a 200-day moving average of $70.55. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $81.54. The firm has a market capitalization of $28.13 billion, a PE ratio of 34.31, a P/E/G ratio of 2.26 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Analysts predict that Restaurant Brands International will post 4.05 earnings per share for the current fiscal year.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the completion of the transaction, the chief financial officer owned 35,766 shares of the company's stock, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Granat sold 25,000 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the sale, the insider owned 478,845 shares of the company's stock, valued at approximately $35,956,471.05. This represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 441,490 shares of company stock valued at $32,375,140. Corporate insiders own 1.25% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. bought a new stake in Restaurant Brands International in the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its stake in shares of Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after buying an additional 346 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Restaurant Brands International in the 4th quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $29,000. Finally, UMB Bank n.a. lifted its holdings in shares of Restaurant Brands International by 50.4% in the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator's stock valued at $44,000 after acquiring an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Company Profile

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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