Restaurant Brands International (NYSE:QSR) PT Lowered to $86.00 at Oppenheimer

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Oppenheimer from $89.00 to $86.00 in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price suggests a potential upside of 18.20% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Truist Financial reduced their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Morgan Stanley cut their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Bank of America boosted their price target on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada raised their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.23.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $72.76 on Tuesday. The firm has a market capitalization of $23.05 billion, a PE ratio of 18.75, a PEG ratio of 2.12 and a beta of 0.94. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a 1 year low of $64.91 and a 1 year high of $83.29. The firm’s fifty day simple moving average is $70.28 and its 200 day simple moving average is $70.67.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, sell-side analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current year.

Insider Activity

In other news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This represents a 0.00 % 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 link. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in Restaurant Brands International in the first quarter valued at approximately $25,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $59,000. BNP Paribas Financial Markets boosted its position in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Restaurant Brands International during the first quarter worth $94,000. 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.