Restaurant Brands International (NYSE:QSR) Stock Rating Lowered by TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by investment analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Friday,Briefing.com Automated Import reports. They currently have a $70.00 price target on the restaurant operator’s stock. TD Cowen’s price objective indicates a potential upside of 5.45% from the stock’s current price.

Several other equities research analysts have also commented on QSR. Bank of America upped their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada decreased 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 research report on Wednesday, November 6th. TD Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research report on Wednesday. Citigroup upped their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, KeyCorp decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.42.

Restaurant Brands International Price Performance

Shares of QSR opened at $66.38 on Friday. The firm has a market capitalization of $21.54 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International has a 1-year low of $59.67 and a 1-year high of $83.29. The company’s fifty day moving average price is $64.40 and its 200-day moving average price is $68.08.

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 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%. On average, equities research analysts predict that Restaurant Brands International will post 3.3 EPS for the current year.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock worth $7,774,020 in the last ninety days. 1.36% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Venturi Wealth Management LLC raised its position in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc raised its position in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International during the fourth quarter worth about $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.