Scotiabank Lowers Restaurant Brands International (NYSE:QSR) Price Target to $81.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by equities research analysts at Scotiabank from $83.00 to $81.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the restaurant operator’s stock. Scotiabank’s target price points to a potential upside of 9.47% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Morgan Stanley upped their price target on Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. TD Cowen increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. UBS Group lifted their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Citigroup reduced their target price on Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.74.

Restaurant Brands International Stock Up 0.1%

Shares of NYSE QSR opened at $73.99 on Friday. The firm’s fifty day moving average is $73.75 and its 200 day moving average is $73.66. Restaurant Brands International has a 52 week low of $61.33 and a 52 week high of $81.96. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.16 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 EPS. On average, equities research analysts expect that Restaurant Brands International will post 4.04 earnings per share for the current year.

Institutional Trading of Restaurant Brands International

Several large investors have recently bought and sold shares of QSR. Baupost Group LLC MA lifted its stake in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the period. Platinum Paramount Investment LTD. purchased a new stake in Restaurant Brands International in the fourth quarter worth $281,033,000. Norges Bank bought a new position in Restaurant Brands International in the fourth quarter worth $260,709,000. Capital World Investors lifted its position in Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares during the period. Finally, State Street Corp lifted its position in 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 valued at $198,711,000 after buying an additional 2,966,048 shares during the period. 82.29% of the stock is owned by institutional investors.

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.