Stifel Nicolaus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $68.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by analysts at Stifel Nicolaus from $72.00 to $68.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.17% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday. Argus lowered their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Evercore ISI reduced 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Price Performance

Shares of QSR stock traded down $0.82 during mid-day trading on Friday, hitting $61.72. 427,882 shares of the stock were exchanged, compared to its average volume of 1,175,812. Restaurant Brands International has a 52-week low of $61.56 and a 52-week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $19.99 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The firm has a fifty day moving average of $67.71 and a 200 day moving average of $69.51.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International 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 completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. increased its position in shares of Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after buying an additional 536,124 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares in the last quarter. Mackenzie Financial Corp raised its position in Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after acquiring an additional 518,795 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Restaurant Brands International by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after acquiring an additional 169,458 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Restaurant Brands International by 6.5% in the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after purchasing an additional 227,203 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.