Oppenheimer Lowers Restaurant Brands International (NYSE:QSR) Price Target to $86.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price dropped by investment analysts at Oppenheimer from $89.00 to $86.00 in a research report issued on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price points to a potential upside of 17.02% from the company’s current price.

QSR has been the topic of a number of other research reports. Truist Financial dropped their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Piper Sandler cut their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Bank of America lifted their price objective on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.15.

Restaurant Brands International Trading Up 1.9 %

NYSE QSR opened at $73.49 on Tuesday. Restaurant Brands International has a 12-month low of $64.97 and a 12-month high of $83.29. The company has a fifty day simple moving average of $70.37 and a two-hundred day simple moving average of $70.67. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The stock has a market cap of $23.28 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.12 and a beta of 0.94.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Restaurant Brands International during the 1st quarter worth approximately $25,000. BKM Wealth Management LLC boosted its position in shares of Restaurant Brands International by 23.4% in the 1st quarter. BKM Wealth Management LLC now owns 5,740 shares of the restaurant operator’s stock valued at $456,000 after purchasing an additional 1,089 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Restaurant Brands International by 4.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 95,663 shares of the restaurant operator’s stock worth $7,600,000 after buying an additional 3,733 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Restaurant Brands International during the first quarter worth approximately $59,000. Finally, Norden Group LLC acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $875,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.