Robert W. Baird Forecasts Strong Price Appreciation for Restaurant Brands International (NYSE:QSR) Stock

Key Points

• Robert W. Baird raised Restaurant Brands International’s price target from $80 to $85 while maintaining a “neutral” rating, implying approximately 4.75% upside from the stock’s $81.14 price.
• Analyst sentiment remains broadly positive, with 16 Buy ratings and eight Holds producing a consensus “Moderate Buy” rating and an average price target of $83.91.
• RBI reported quarterly EPS of $1.07, beating estimates of $1.04, while revenue reached $2.52 billion, up 4.6% year over year. Institutional investors own 82.29% of the company’s shares.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective upped by equities researchers at Robert W. Baird from $80.00 to $85.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Robert W. Baird's target price suggests a potential upside of 4.75% from the company's current price.

A number of other research analysts also recently commented on the stock. Weiss Ratings raised shares of Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. Guggenheim upped their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Restaurant Brands International from $86.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Evercore reissued an "outperform" rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Finally, Scotiabank cut their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.91.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded up $0.28 during trading hours on Monday, hitting $81.14. 1,123,471 shares of the company were exchanged, compared to its average volume of 3,219,774. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $81.96. The stock has a market capitalization of $28.34 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 2.19 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The business has a 50-day moving average of $74.52 and a 200-day moving average of $74.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. As a group, analysts expect that Restaurant Brands International will post 4.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. acquired a new stake in Restaurant Brands International in the fourth quarter worth $25,000. Larson Financial Group LLC increased its holdings 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 acquiring an additional 346 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the 1st quarter worth about $28,000. CoreCap Advisors LLC lifted its position in Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 350 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in Restaurant Brands International in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds 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.

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