Restaurant Brands International (NYSE:QSR) Price Target Lowered to $90.00 at Evercore ISI

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by research analysts at Evercore ISI from $93.00 to $90.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s price objective would suggest a potential upside of 31.93% from the company’s current price.

QSR has been the topic of several other research reports. Royal Bank of Canada dropped their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday. KeyCorp lowered their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Guggenheim upped their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $82.77.

Restaurant Brands International Stock Up 0.0 %

Shares of Restaurant Brands International stock traded up $0.02 during midday trading on Wednesday, hitting $68.22. The company’s stock had a trading volume of 615,931 shares, compared to its average volume of 1,577,791. Restaurant Brands International has a 1-year low of $65.87 and a 1-year high of $83.29. The stock has a 50-day simple moving average of $70.24 and a 200-day simple moving average of $70.55. The firm has a market capitalization of $22.08 billion, a P/E ratio of 17.10, a PEG ratio of 2.09 and a beta of 0.94. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. As a group, sell-side analysts expect that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International in the 1st quarter valued at about $48,000. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International during the third quarter worth about $61,000. BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Restaurant Brands International during the first quarter worth about $94,000. Hedge funds and other 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.