Stifel Nicolaus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $68.00

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR had its target price decreased by research analysts at Stifel Nicolaus from $72.00 to $68.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the restaurant operator's stock. Stifel Nicolaus' price target indicates a potential upside of 11.59% from the stock's current price.

QSR has been the subject of a number of other research reports. CIBC dropped their price target on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research report on Wednesday, November 6th. Oppenheimer dropped their price objective on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank of Canada dropped their price objective on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, TD Cowen dropped their price objective on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $81.46.

Restaurant Brands International Price Performance

Restaurant Brands International stock traded down $1.60 during midday trading on Friday, reaching $60.94. The company's stock had a trading volume of 1,879,531 shares, compared to its average volume of 1,409,205. Restaurant Brands International has a fifty-two week low of $60.87 and a fifty-two week high of $83.29. 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 stock's 50 day simple moving average is $67.71 and its 200 day simple moving average is $69.51. The firm has a market capitalization of $19.73 billion, a PE ratio of 15.27, a P/E/G ratio of 2.27 and a beta of 0.94.

Insider Activity

In related news, insider Thiago T. Santelmo sold 3,511 shares of the business'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 transaction, the insider now directly owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill Granat sold 10,613 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 in the last three months. Corporate insiders own 1.36% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock worth $811,907,000 after purchasing an additional 536,124 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator's stock worth $403,398,000 after purchasing an additional 773,783 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Restaurant Brands International by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator's stock worth $390,678,000 after purchasing an additional 518,795 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Restaurant Brands International by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator's stock worth $291,615,000 after purchasing an additional 169,458 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator's stock worth $270,554,000 after purchasing an additional 227,203 shares during the last quarter. 82.29% of the stock is currently 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.