Restaurant Brands International (NYSE:QSR) Price Target Raised to $84.00

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $80.00 to $84.00 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 20.14% from the company's current price.

A number of other research analysts have also recently issued reports on QSR. Wells Fargo & Company reduced their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating on the stock in a report on Tuesday, August 13th. TD Cowen restated a "buy" rating and set a $82.00 price target on shares of Restaurant Brands International in a report on Thursday. Piper Sandler cut their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Finally, Guggenheim boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.11.

Restaurant Brands International Stock Up 1.1 %

Shares of NYSE QSR traded up $0.74 during mid-day trading on Monday, reaching $69.92. 1,201,510 shares of the company's stock traded hands, compared to its average volume of 1,622,346. The stock has a market cap of $22.63 billion, a P/E ratio of 17.95, a PEG ratio of 2.08 and a beta of 0.93. The business has a 50-day simple moving average of $70.28 and a 200 day simple moving average of $72.23. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. On average, analysts expect that Restaurant Brands International will post 3.36 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barometer Capital Management Inc. lifted its holdings in Restaurant Brands International by 27,623.2% during the fourth quarter. Barometer Capital Management Inc. now owns 80,120 shares of the restaurant operator's stock valued at $6,260,000 after purchasing an additional 79,831 shares in the last quarter. Royal Fund Management LLC purchased a new stake in Restaurant Brands International during the first quarter valued at $1,067,000. Quantbot Technologies LP purchased a new stake in Restaurant Brands International during the first quarter valued at $850,000. Oppenheimer & Co. Inc. raised its stake in Restaurant Brands International by 16.5% during the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator's stock valued at $5,913,000 after purchasing an additional 10,544 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Restaurant Brands International by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock valued at $9,915,000 after acquiring an additional 7,196 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

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.