JPMorgan Chase & Co. Lowers Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by JPMorgan Chase & Co. from $80.00 to $78.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 15.03% from the company’s previous close.

Several other equities analysts also recently commented on QSR. Truist Financial dropped their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Citigroup increased their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. CIBC dropped their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, TD Cowen cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.22 on Thursday, reaching $67.81. 275,768 shares of the stock were exchanged, compared to its average volume of 1,705,727. The firm’s 50 day moving average is $64.02 and its 200-day moving average is $67.27. Restaurant Brands International has a one year low of $59.67 and a one year high of $81.27. 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 firm has a market cap of $22.04 billion, a PE ratio of 21.32, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 18,477 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares in the company, valued at approximately $3,476,698.35. This trade represents a 24.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,726 shares of company stock worth $18,269,723. 1.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Institutional investors have recently made changes to their positions in the stock. Dunhill Financial LLC boosted its holdings in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Restaurant Brands International by 213.6% in the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the fourth quarter worth approximately $32,000. IFP Advisors Inc boosted its holdings in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after buying an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors 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.