Restaurant Brands International (NYSE:QSR) Rating Lowered to Hold at Argus

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat reports.

Other research analysts have also recently issued reports about the company. TD Cowen decreased their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. KeyCorp decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Barclays decreased their target price on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus decreased their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Stock Down 2.8 %

Shares of Restaurant Brands International stock opened at $64.53 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The business has a fifty day simple moving average of $64.33 and a 200 day simple moving average of $68.07. The stock has a market cap of $20.94 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Research analysts predict that Restaurant Brands International will post 3.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,510 shares of company stock worth $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors raised its stake in Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after buying an additional 841,167 shares during the period. Vanguard Group Inc. raised its stake in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after buying an additional 421,873 shares during the period. Norges Bank bought a new stake in Restaurant Brands International in the fourth quarter valued at approximately $264,813,000. Fiera Capital Corp raised its stake in Restaurant Brands International by 6.5% in the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after buying an additional 227,203 shares during the period. Finally, Meritage Group LP raised its stake in Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock valued at $215,204,000 after buying an additional 3,245,689 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

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.