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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price dropped by stock analysts at Robert W. Baird from $72.00 to $65.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 2.19% from the stock’s previous close.

QSR has been the topic of several other reports. TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. Guggenheim upped their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, Barclays lowered their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.63.

Restaurant Brands International Stock Performance

Shares of QSR opened at $63.61 on Monday. The stock has a market capitalization of $20.82 billion, a PE ratio of 20.00, a PEG ratio of 1.77 and a beta of 0.72. The stock has a 50-day simple moving average of $65.42 and a 200-day simple moving average of $67.11. Restaurant Brands International has a 1 year low of $59.67 and a 1 year high of $77.24. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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%. On average, analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Duncan Fulton sold 15,974 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the sale, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 in the last 90 days. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several large investors have recently made changes to their positions in QSR. Inkwell Capital LLC bought a new position in Restaurant Brands International in the 4th quarter worth approximately $3,370,000. Summerhill Capital Management lnc. acquired a new position in Restaurant Brands International during the 4th quarter worth $841,000. Baskin Financial Services Inc. grew its stake in shares of Restaurant Brands International by 2.8% in the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after purchasing an additional 9,208 shares in the last quarter. Aviso Financial Inc. increased its holdings in shares of Restaurant Brands International by 4.1% during the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock valued at $61,384,000 after purchasing an additional 37,241 shares during the period. Finally, Alberta Investment Management Corp raised its stake in shares of Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.