Restaurant Brands International (NYSE:QSR) Price Target Cut to $67.00 by Analysts at Jefferies Financial Group

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective dropped by investment analysts at Jefferies Financial Group from $73.00 to $67.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Jefferies Financial Group’s price target suggests a potential upside of 6.95% from the stock’s previous close.

Other equities analysts have also issued reports about the company. CIBC cut their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Argus reduced their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI reduced their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, TD Cowen reduced their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.44.

Restaurant Brands International Stock Performance

NYSE:QSR traded up $0.65 during trading hours on Thursday, reaching $62.64. The stock had a trading volume of 191,833 shares, compared to its average volume of 1,979,425. 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 stock has a 50 day simple moving average of $65.63 and a 200 day simple moving average of $68.64. Restaurant Brands International has a 12-month low of $59.85 and a 12-month high of $83.29. The stock has a market cap of $20.32 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Granat sold 10,613 shares of the firm’s 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 completion of the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last quarter. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares during the period. Avanza Fonder AB purchased a new stake in Restaurant Brands International during the 4th quarter worth about $1,299,000. Wellington Management Group LLP increased its holdings in Restaurant Brands International by 112.1% during the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock worth $1,298,000 after purchasing an additional 9,496 shares during the period. Private Advisor Group LLC purchased a new stake in Restaurant Brands International during the 3rd quarter worth about $257,000. Finally, SG Americas Securities LLC increased its holdings in Restaurant Brands International by 25.8% during the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 631 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.