Argus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by analysts at Argus from $85.00 to $80.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Argus’ price objective would indicate a potential upside of 16.57% from the stock’s previous close.

A number of other research analysts have also issued reports on QSR. Evercore ISI dropped their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Truist Financial decreased their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, Citigroup lifted their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.56.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $0.37 during midday trading on Thursday, hitting $68.63. 419,726 shares of the company traded hands, compared to its average volume of 1,579,774. The stock has a market cap of $22.22 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The firm’s fifty day moving average price is $70.23 and its 200-day moving average price is $70.54. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. As a group, sell-side analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insider Activity

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the company. D1 Capital Partners L.P. bought a new position in shares of Restaurant Brands International during the 2nd quarter valued at about $200,097,000. TD Asset Management Inc grew its position in Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock valued at $385,361,000 after acquiring an additional 1,409,552 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Restaurant Brands International by 72.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock worth $211,059,000 after acquiring an additional 1,119,582 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Restaurant Brands International by 15.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after acquiring an additional 773,783 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after purchasing an additional 536,124 shares in the last quarter. Institutional investors 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.