Stifel Nicolaus Cuts Restaurant Brands International (NYSE:QSR) Price Target to $68.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lowered by equities research analysts at Stifel Nicolaus from $72.00 to $68.00 in a research report issued on Friday, MarketBeat reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 11.59% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup increased their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. KeyCorp lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI reduced their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, TD Cowen decreased their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $60.94 on Friday. Restaurant Brands International has a twelve month low of $60.87 and a twelve month high of $83.29. The company has a market capitalization of $19.73 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average price of $67.53 and a two-hundred day moving average price of $69.45.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. The trade was a 16.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last 90 days. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the third quarter worth $61,000. Blue Trust Inc. raised its holdings in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC boosted its position in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares during the last quarter. 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.