Citigroup Issues Positive Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective raised by equities researchers at Citigroup from $65.00 to $67.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 1.43% from the stock’s current price.

A number of other research firms have also commented on QSR. Wells Fargo & Company reduced their price objective on shares of 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. Jefferies Financial Group lowered their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. TD Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research report on Wednesday. TD Cowen reduced their price objective on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $74.00 to $71.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.67.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded up $0.23 during midday trading on Thursday, reaching $66.06. 1,430,681 shares of the stock traded hands, compared to its average volume of 2,240,960. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week 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 firm has a market cap of $21.43 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.17 and a beta of 0.93. The firm has a fifty day moving average price of $64.40 and a two-hundred day moving average price of $68.08.

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

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in QSR. Farther Finance Advisors LLC raised its position in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC increased its stake in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International in the fourth quarter worth $32,000. IFP Advisors Inc boosted its position in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.