Oppenheimer Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by analysts at Oppenheimer from $86.00 to $77.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 20.69% from the company’s current price.

A number of other research firms have also recently issued reports on QSR. Stifel Nicolaus cut their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, November 14th. Citigroup upped their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Argus cut their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Bank of America lifted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued 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 $81.92.

Restaurant Brands International Trading Down 1.8 %

Shares of NYSE:QSR opened at $63.80 on Tuesday. Restaurant Brands International has a 52-week low of $63.74 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $20.66 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a 50-day simple moving average of $68.15 and a 200 day simple moving average of $69.65.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds have recently made changes to their positions in QSR. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at $61,000. Blue Trust Inc. boosted its holdings in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC grew its position in Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

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.