Scotiabank Lowers Restaurant Brands International (NYSE:QSR) Price Target to $81.00

Key Points

• Scotiabank lowered Restaurant Brands International’s price target to $81 from $83 while maintaining a “sector perform” rating, implying approximately 9.47% upside from the stock’s $73.99 price.
• Analyst sentiment remains generally positive: QSR has a consensus “Moderate Buy” rating and an average price target of $83.74, based on 16 Buy and eight Hold ratings.
• Restaurant Brands reported quarterly EPS of $1.07, beating estimates of $1.04, while revenue reached $2.52 billion, up 4.6% year over year.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective reduced by equities research analysts at Scotiabank from $83.00 to $81.00 in a report released on Friday,Benzinga reports. The firm presently has a "sector perform" rating on the restaurant operator's stock. Scotiabank's price target points to a potential upside of 9.47% from the stock's current price.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Robert W. Baird upped their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. TD Cowen increased their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, July 9th. Guggenheim raised their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Finally, Barclays lifted their price target on Restaurant Brands International from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.74.

Restaurant Brands International Stock Up 0.1%

QSR stock opened at $73.99 on Friday. The stock has a 50-day simple moving average of $73.75 and a two-hundred day simple moving average of $73.66. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. Restaurant Brands International has a twelve month low of $61.33 and a twelve month high of $81.96. The firm has a market capitalization of $25.84 billion, a PE ratio of 19.89, a PEG ratio of 2.16 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Restaurant Brands International will post 4.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently made changes to their positions in the business. Lloyd Advisory Services LLC. bought 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 fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after buying an additional 346 shares during the period. Western Wealth Management LLC purchased a new position in shares of Restaurant Brands International in the first quarter worth about $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $29,000. Finally, CoreCap Advisors LLC lifted its stake in shares of 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 acquiring an additional 350 shares during the last quarter. 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.

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