KeyCorp Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price decreased by stock analysts at KeyCorp from $80.00 to $78.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the restaurant operator's stock. KeyCorp's price objective suggests a potential upside of 14.27% from the company's previous close.

A number of other equities analysts have also weighed in on the company. Guggenheim lifted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Royal Bank of Canada boosted their price target on Restaurant Brands International from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. Citigroup raised their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Stifel Nicolaus cut their price target on Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. Finally, Truist Financial reduced their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $82.65.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.06 during trading hours on Wednesday, reaching $68.26. 2,150,481 shares of the company traded hands, compared to its average volume of 1,584,929. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The business has a fifty day moving average price of $70.24 and a 200-day moving average price of $70.55. The stock has a market capitalization of $22.10 billion, a P/E ratio of 17.09, a P/E/G ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Equities analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its stake in Restaurant Brands International by 5.1% in the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator's stock valued at $254,000 after acquiring an additional 154 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Restaurant Brands International by 4.0% during the second quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator's stock worth $293,000 after acquiring an additional 160 shares during the last quarter. Farther Finance Advisors LLC increased 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 acquiring an additional 185 shares during the period. Arvest Investments Inc. raised its position in Restaurant Brands International by 1.1% in the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator's stock valued at $1,331,000 after purchasing an additional 197 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after purchasing an additional 203 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.