Restaurant Brands International (NYSE:QSR) Given New $78.00 Price Target at KeyCorp

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by equities research analysts at KeyCorp from $80.00 to $78.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target suggests a potential upside of 13.67% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Piper Sandler reduced their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Morgan Stanley reduced their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Guggenheim increased their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup boosted their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their target price on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. One research 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. According to 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 NYSE QSR opened at $68.62 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The firm’s 50 day simple moving average is $70.23 and its 200-day simple moving average is $70.54. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.09 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.05 billion. Analysts expect that Restaurant Brands International will post 3.37 EPS for the current year.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on 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 owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Restaurant Brands International in the 1st quarter valued at approximately $850,000. Oppenheimer & Co. Inc. grew its stake in shares of Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock valued at $5,913,000 after buying an additional 10,544 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock valued at $9,915,000 after buying an additional 7,196 shares during the period. Cetera Investment Advisers lifted its stake in Restaurant Brands International by 63.7% during the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares in the last quarter. Finally, Sumitomo Life Insurance Co. purchased a new position in Restaurant Brands International during the 2nd quarter valued at about $666,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.