Brokerages Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $80.96

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have received an average recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $80.00.

Several brokerages have issued reports on QSR. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. CIBC lowered their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on 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. Argus decreased their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Citigroup cut their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research note on Thursday, January 30th.

Restaurant Brands International Stock Performance

Shares of QSR opened at $62.73 on Thursday. The company’s 50 day simple moving average is $65.03 and its 200-day simple moving average is $68.28. The firm has a market cap of $20.35 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. Restaurant Brands International has a 12-month low of $59.67 and a 12-month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated 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 sale, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Fiera Capital Corp lifted its holdings in shares of 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 valued at $270,554,000 after acquiring an additional 227,203 shares in the last quarter. National Bank of Canada FI raised its position in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Restaurant Brands International by 4.2% during the third quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after purchasing an additional 118,721 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Restaurant Brands International by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock worth $159,251,000 after buying an additional 307,791 shares during the period. Finally, Canoe Financial LP grew its stake in shares of Restaurant Brands International by 7.4% in the third quarter. Canoe Financial LP now owns 2,028,349 shares of the restaurant operator’s stock valued at $144,675,000 after buying an additional 139,335 shares in the last quarter. 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.