Restaurant Brands International (NYSE:QSR) Price Target Lowered to $80.00 at Barclays

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by research analysts at Barclays from $83.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential upside of 21.82% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. CIBC dropped their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Citigroup cut their target price on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research note on Thursday, January 30th. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group lowered their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Restaurant Brands International Trading Down 1.8 %

Shares of Restaurant Brands International stock opened at $65.67 on Thursday. The stock has a market capitalization of $21.31 billion, a P/E ratio of 16.46, a P/E/G ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 52-week low of $59.67 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 stock’s 50-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 posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. As a group, research analysts anticipate that Restaurant Brands International will post 3.3 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 over the last three months. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC boosted its holdings in shares of Restaurant Brands International by 79.4% during the third 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 period. Venturi Wealth Management LLC lifted its holdings in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $32,000. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International during the third quarter valued at approximately $61,000. 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.