Restaurant Brands International (NYSE:QSR) Given New $77.00 Price Target at Oppenheimer

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective dropped by equities researchers at Oppenheimer from $86.00 to $77.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the restaurant operator's stock. Oppenheimer's price target suggests a potential upside of 21.87% from the stock's current price.

Several other research firms have also issued reports on QSR. TD Cowen dropped their price target on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Evercore ISI reduced their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, November 14th. Bank of America lifted their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Finally, KeyCorp lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.92.

Restaurant Brands International Stock Down 1.1 %

Shares of QSR stock traded down $0.73 during mid-day trading on Tuesday, reaching $63.18. 1,327,848 shares of the company were exchanged, compared to its average volume of 1,355,462. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business's 50 day simple moving average is $68.15 and its 200 day simple moving average is $69.65. The company has a market capitalization of $20.46 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a fifty-two week low of $63.09 and a fifty-two week high of $83.29.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company's stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 over the last three months. Insiders own 1.36% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of QSR. Wilmington Savings Fund Society FSB acquired a new stake in shares of Restaurant Brands International during the third quarter worth approximately $378,000. Arvest Bank Trust Division acquired a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $12,053,000. Toronto Dominion Bank boosted its stake in shares of Restaurant Brands International by 0.5% during the 3rd quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator's stock valued at $62,327,000 after buying an additional 4,702 shares during the period. Geode Capital Management LLC grew its holdings in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock valued at $101,085,000 after acquiring an additional 126,600 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Restaurant Brands International in the third quarter worth $1,103,000. 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.