Restaurant Brands International (NYSE:QSR) PT Lowered to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by research analysts at Truist Financial from $87.00 to $86.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price suggests a potential upside of 20.30% from the company’s current price.

Several other equities research analysts have also recently issued reports on QSR. TD Securities lifted their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley lowered their price objective on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. KeyCorp decreased their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Finally, Robert W. Baird raised their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.07.

Restaurant Brands International Trading Down 0.1 %

QSR stock opened at $71.49 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Restaurant Brands International has a 12-month low of $61.77 and a 12-month high of $83.29. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.06 and a beta of 0.92. The business’s 50-day moving average is $70.38 and its 200 day moving average is $73.15.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of the business. Capital World Investors grew its stake in shares of Restaurant Brands International by 1.1% in the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after acquiring an additional 466,929 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Restaurant Brands International by 19.8% during the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after purchasing an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. lifted its position in Restaurant Brands International by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares during 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.