TD Cowen Increases Restaurant Brands International (NYSE:QSR) Price Target to $80.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by stock analysts at TD Cowen from $79.00 to $80.00 in a note issued to investors on Thursday, Marketbeat reports. The firm presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 6.29% from the stock’s previous close.

A number of other analysts have also issued reports on the company. UBS Group lifted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Robert W. Baird raised their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays boosted their price objective on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Guggenheim upped their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, KeyCorp increased their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.33.

Restaurant Brands International Trading Up 0.4%

Shares of NYSE:QSR opened at $75.27 on Thursday. The business’s 50 day moving average price is $74.82 and its 200-day moving average price is $72.87. Restaurant Brands International has a 1 year low of $61.33 and a 1 year high of $81.96. The firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that Restaurant Brands International will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at about $237,000. WINTON GROUP Ltd acquired a new position in shares of Restaurant Brands International during the second quarter worth about $265,000. State Street Corp grew its position in shares of Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares in the last quarter. Sei Investments Co. increased its stake in shares of Restaurant Brands International by 188.7% during the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after buying an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina purchased a new stake in shares of Restaurant Brands International during the second quarter worth approximately $10,019,000. Hedge funds and other institutional investors 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.