Truist Financial Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target decreased by stock analysts at Truist Financial from $85.00 to $83.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price would indicate a potential upside of 28.90% from the stock’s previous close.

Several other analysts also recently commented on QSR. Stifel Nicolaus decreased their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company decreased their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. TD Securities reiterated a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Wednesday. Finally, KeyCorp lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.89.

Restaurant Brands International Stock Down 2.2 %

QSR opened at $64.39 on Thursday. The firm’s 50 day simple moving average is $64.40 and its two-hundred day simple moving average is $68.08. The company has a market capitalization of $20.89 billion, a PE ratio of 16.14, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. As a group, equities analysts forecast that Restaurant Brands International will post 3.3 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Granat sold 10,613 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the business’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 $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last three months. 1.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of Restaurant Brands International by 25.8% during the third quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 631 shares during the period. Magnus Financial Group LLC bought a new stake in Restaurant Brands International during the 3rd quarter valued at about $202,000. Blue Trust Inc. boosted its position in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 768 shares during the period. Raleigh Capital Management Inc. grew its stake in Restaurant Brands International by 12.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,390 shares of the restaurant operator’s stock worth $389,000 after acquiring an additional 577 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Restaurant Brands International during the third quarter worth approximately $257,000. 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.