Restaurant Brands International (NYSE:QSR) Given New $78.00 Price Target at CIBC

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by stock analysts at CIBC from $86.00 to $78.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. CIBC’s price objective indicates a potential upside of 17.97% from the company’s current price.

Several other equities analysts have also recently issued reports on QSR. Bank of America raised their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Argus cut Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial decreased their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI decreased 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 Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.67.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded up $0.29 during midday trading on Thursday, reaching $66.12. The company’s stock had a trading volume of 1,464,416 shares, compared to its average volume of 2,240,960. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The company has a market capitalization of $21.45 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s fifty day simple moving average is $64.40 and its 200-day simple moving average is $68.08.

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

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 5,579 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in QSR. Farther Finance Advisors LLC increased its position in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $32,000. IFP Advisors Inc boosted its stake in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds 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.