Restaurant Brands International (NYSE:QSR) Given New $67.00 Price Target at Citigroup

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective raised by equities research analysts at Citigroup from $65.00 to $67.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Citigroup's price objective points to a potential upside of 3.82% from the stock's previous close.

A number of other brokerages have also recently commented on QSR. TD Securities reaffirmed a "buy" rating and set a $70.00 price objective on shares of Restaurant Brands International in a research note on Wednesday, February 12th. Truist Financial cut their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a report on Thursday. TD Cowen dropped their price objective on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Bank of America lifted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Finally, KeyCorp reduced their price target 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 research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.96.

Restaurant Brands International Stock Performance

QSR traded down $1.86 on Thursday, reaching $64.53. 2,911,077 shares of the stock were exchanged, compared to its average volume of 2,104,411. The company's 50-day moving average price is $64.24 and its 200 day moving average price is $68.02. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $20.94 billion, a PE ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results 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 return on equity of 28.25% and a net margin of 16.01%. As a group, sell-side analysts forecast that Restaurant Brands International will post 3.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 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 transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Granat sold 81,387 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. The trade was a 17.31 % 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 valued at $7,774,020 in the last ninety days. Company insiders own 1.36% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently bought and sold shares of QSR. Dunhill Financial LLC raised its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after buying an additional 185 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $32,000. Finally, IFP Advisors Inc grew its stake in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after buying an additional 412 shares during the last quarter. 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.