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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by research analysts at JPMorgan Chase & Co. from $80.00 to $84.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.62% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Truist Financial cut their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Wells Fargo & Company cut 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 research report on Friday, August 9th. KeyCorp cut their price target on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Piper Sandler dropped their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Genuity Capital Markets decreased their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus price target of $83.11.

Restaurant Brands International Price Performance

Restaurant Brands International stock traded up $0.46 during mid-day trading on Monday, reaching $69.64. The company had a trading volume of 346,345 shares, compared to its average volume of 1,617,541. The stock’s 50-day simple moving average is $70.28 and its 200-day simple moving average is $72.23. The company has a market capitalization of $22.54 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.08 and a beta of 0.93. 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 has a 1 year low of $61.77 and a 1 year high of $83.29.

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

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, 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. 1.36% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Hedge funds have recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new stake in Restaurant Brands International in the 1st quarter worth about $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Restaurant Brands International during the 1st quarter worth about $59,000. Parallel Advisors LLC increased its holdings in shares of Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the period. Finally, Principal Securities Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $79,000. 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.