Restaurant Brands International (NYSE:QSR) Given New $65.00 Price Target at Robert W. Baird

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price target cut by equities research analysts at Robert W. Baird from $72.00 to $65.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Robert W. Baird's target price would indicate a potential upside of 3.36% from the stock's current price.

QSR has been the topic of a number of other reports. Guggenheim raised their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Barclays decreased their price target on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. 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 research note on Thursday, February 13th. Finally, 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 on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.63.

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Restaurant Brands International Price Performance

Shares of NYSE QSR traded up $1.52 during trading hours on Monday, reaching $62.88. 3,355,321 shares of the stock traded hands, compared to its average volume of 1,839,415. The company has a market capitalization of $20.58 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company's 50-day simple moving average is $65.31 and its two-hundred day simple moving average is $66.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities research analysts forecast that Restaurant Brands International will post 3.72 EPS for the current year.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the sale, the insider now directly owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. This represents a 26.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Housman sold 14,593 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the completion of the transaction, the insider now directly owns 142,986 shares of the company's stock, valued at $9,205,438.68. This trade represents a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock valued at $17,740,281 in the last 90 days. Corporate insiders own 1.36% of the company's stock.

Institutional Trading of Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the business. Dunhill Financial LLC lifted its holdings in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $32,000. IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $60,000. 82.29% of the stock is currently owned by hedge funds and other 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.