TD Securities Reaffirms “Buy” Rating for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “buy” rating reiterated by analysts at TD Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $70.00 target price on the restaurant operator’s stock. TD Securities’ target price points to a potential upside of 4.46% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Bank of America increased their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Citigroup dropped their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a research note on Thursday, January 30th. Argus lowered their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Morgan Stanley cut their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $67.01 on Wednesday. The stock’s 50-day moving average is $64.51 and its 200-day moving average is $68.10. Restaurant Brands International has a 1-year low of $59.67 and a 1-year 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. The stock has a market cap of $21.74 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Equities research analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current year.

Insider Transactions at Restaurant Brands International

In related news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value 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. This trade represents a 9.63 % 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 worth $7,774,020 in the last 90 days. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Restaurant Brands International by 25.8% in the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 631 shares in the last quarter. Magnus Financial Group LLC purchased a new position in shares of Restaurant Brands International in the third quarter valued at $202,000. Blue Trust Inc. raised its stake in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Restaurant Brands International by 12.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,390 shares of the restaurant operator’s stock worth $389,000 after purchasing an additional 577 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Restaurant Brands International during the 3rd quarter worth about $257,000. 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.