Restaurant Brands International (NYSE:QSR) Price Target Cut to $90.00 by Analysts at Royal Bank of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by equities research analysts at Royal Bank of Canada from $95.00 to $90.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 31.16% from the stock’s current price.

QSR has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. TD Cowen reiterated a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research report on Thursday, September 12th. Morgan Stanley decreased their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, Oppenheimer lowered their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.56.

Restaurant Brands International Price Performance

Shares of QSR opened at $68.62 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a 50 day moving average of $70.23 and a two-hundred day moving average of $70.54.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results 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 business had revenue of $2.08 billion for the quarter, compared to the consensus estimate 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, analysts predict that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in QSR. Capital World Investors boosted its position in Restaurant Brands International by 1.1% in the 1st quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock valued at $3,393,264,000 after buying an additional 466,929 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Restaurant Brands International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after purchasing an additional 536,124 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after buying an additional 773,783 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after purchasing an additional 518,795 shares during the period. 82.29% of the stock is owned by institutional investors.

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.