Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at JPMorgan Chase & Co.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective decreased by analysts at JPMorgan Chase & Co. from $80.00 to $78.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.14% from the stock’s current price.

Other research analysts also recently issued reports about the company. CIBC lowered their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Barclays reduced their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday. Finally, Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $67.16 on Thursday. The stock’s 50 day moving average price is $64.25 and its 200 day moving average price is $67.26. The firm has a market capitalization of $21.83 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a one year low of $59.67 and a one year high of $80.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, sell-side analysts expect that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QSR. Dunhill Financial LLC lifted its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at about $32,000. IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Restaurant Brands International during the fourth quarter worth about $60,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

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.