Royal Bank Of Canada Forecasts Strong Price Appreciation for Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target boosted by investment analysts at Royal Bank Of Canada from $80.00 to $83.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 15.66% from the company’s previous close.

Several other analysts also recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $80.00 price target on shares of Restaurant Brands International in a report on Tuesday, November 25th. BMO Capital Markets reduced their price target on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a research report on Friday, February 13th. Wells Fargo & Company boosted their target price on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.90.

Restaurant Brands International Trading Up 0.1%

Shares of NYSE QSR traded up $0.05 during midday trading on Monday, hitting $71.76. The stock had a trading volume of 1,485,633 shares, compared to its average volume of 2,898,781. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. Restaurant Brands International has a 1-year low of $58.71 and a 1-year high of $73.70. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.18 and a beta of 0.58. The company has a fifty day moving average price of $68.59 and a 200 day moving average price of $67.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Restaurant Brands International’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current year.

Insider Activity

In other Restaurant Brands International news, insider Peter Perdue sold 3,882 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $262,073.82. Following the transaction, the insider owned 42,906 shares of the company’s stock, valued at $2,896,584.06. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jacqueline Friesner sold 4,617 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $311,693.67. Following the completion of the transaction, the insider owned 194,201 shares of the company’s stock, valued at approximately $13,110,509.51. The trade was a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 186,401 shares of company stock valued at $12,857,069 over the last three months. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of QSR. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its position in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Restaurant Brands International during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.