Truist Financial Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by analysts at Truist Financial from $85.00 to $83.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price would indicate a potential upside of 28.61% from the stock’s current price.

Several other research firms also recently commented on QSR. 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 research report on Tuesday, January 7th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup cut their price objective on shares of Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research report on Thursday, January 30th. Barclays cut 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. Finally, CIBC cut their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Stock Down 2.8 %

QSR stock opened at $64.53 on Thursday. The company has a fifty day moving average price of $64.33 and a 200 day moving average price of $68.07. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 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%. Sell-side analysts expect that Restaurant Brands International will post 3.3 earnings per share for the current year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thiago T. Santelmo sold 3,511 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 transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. SG Americas Securities LLC boosted its stake in shares of Restaurant Brands International by 25.8% during the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 631 shares during the last quarter. Magnus Financial Group LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth about $202,000. Blue Trust Inc. lifted its holdings 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 worth $98,000 after acquiring an additional 768 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 577 shares during the period. Finally, Private Advisor Group LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth about $257,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.