JPMorgan Chase & Co. Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target reduced by research analysts at JPMorgan Chase & Co. from $80.00 to $78.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 16.26% from the company's current price.

QSR has been the subject of several other research reports. TD Securities restated a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Guggenheim upgraded shares of Restaurant Brands International from a "neutral" rating to a "buy" rating and cut their price objective for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Truist Financial decreased their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, Citigroup boosted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.08.

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Restaurant Brands International Stock Performance

Shares of NYSE QSR traded up $0.09 during midday trading on Thursday, hitting $67.09. The company's stock had a trading volume of 1,259,673 shares, compared to its average volume of 1,711,714. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a fifty day moving average price of $64.37 and a 200 day moving average price of $67.24. Restaurant Brands International has a one year low of $59.67 and a one year high of $80.02.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its 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 net margin of 12.15% and a return on equity of 28.53%. On average, research analysts forecast that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 300,226 shares of company stock worth $19,121,223 in the last 90 days. 1.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares during the period. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the period. Norges Bank purchased a new position in Restaurant Brands International during the 4th quarter valued at about $264,813,000. Finally, Meritage Group LP raised its position in Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after purchasing an additional 3,245,689 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.