Restaurant Brands International (NYSE:QSR) Rating Reiterated by Royal Bank of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a research note issued on Friday, Benzinga reports. They presently have a $90.00 price objective on the restaurant operator’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.64% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. TD Cowen reiterated a “buy” rating and issued a $88.00 price target on shares of Restaurant Brands International in a research note on Thursday. Piper Sandler reduced their price target on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Truist Financial lowered their price target on Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Scotiabank increased their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Bank of America raised their price target on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.48.

Restaurant Brands International Stock Down 2.0 %

Shares of Restaurant Brands International stock traded down $1.42 during trading on Friday, reaching $70.51. The stock had a trading volume of 1,652,602 shares, compared to its average volume of 1,635,205. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.06 and a beta of 0.92. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a fifty day moving average price of $70.19 and a two-hundred day moving average price of $73.54.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Sell-side analysts predict that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently modified their holdings of QSR. Mather Group LLC. acquired a new stake in Restaurant Brands International during the 1st quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new position in Restaurant Brands International during the fourth quarter worth $30,000. Oakworth Capital Inc. bought a new position in Restaurant Brands International during the fourth quarter worth $30,000. Fifth Third Bancorp lifted its holdings in Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Restaurant Brands International during the first quarter valued at $48,000. 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.