Citigroup Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its price objective decreased by research analysts at Citigroup from $67.00 to $66.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Citigroup's price target indicates a potential upside of 4.86% from the stock's previous close.

Several other analysts also recently issued reports on QSR. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Jefferies Financial Group lowered their price target on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Robert W. Baird dropped their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Finally, Guggenheim boosted their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.58.

Restaurant Brands International Stock Down 0.4 %

Restaurant Brands International stock traded down $0.28 during mid-day trading on Wednesday, hitting $62.94. 1,180,053 shares of the company's stock were exchanged, compared to its average volume of 1,844,682. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $77.24. The stock has a 50 day moving average of $65.10 and a two-hundred day moving average of $66.37. 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 market cap of $20.62 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 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%. As a group, analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 18,477 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the transaction, the chief financial officer now directly owns 55,761 shares in the company, valued at $3,476,698.35. This represents a 24.89 % 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 three months. Insiders own 1.36% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QSR. Sowell Financial Services LLC acquired a new position in shares of Restaurant Brands International during the first quarter valued at about $206,000. Janney Montgomery Scott LLC raised its stake in Restaurant Brands International by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator's stock worth $392,000 after buying an additional 470 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Restaurant Brands International by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,655 shares of the restaurant operator's stock worth $1,710,000 after acquiring an additional 1,010 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 76.8% in the first quarter. Farther Finance Advisors LLC now owns 992 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 431 shares during the period. Finally, Gateway Investment Advisers LLC increased its holdings in shares of Restaurant Brands International by 1.3% during the first quarter. Gateway Investment Advisers LLC now owns 44,216 shares of the restaurant operator's stock valued at $2,947,000 after acquiring an additional 579 shares in the last quarter. 82.29% of the stock is 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.