Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price upped by equities researchers at Wells Fargo & Co from $68.00 to $70.00 in a research note issued to investors on Tuesday, April 16th, BenzingaRatingsTable reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price suggests a potential upside of 4.06% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price target on the stock in a research note on Wednesday, January 23rd. Citigroup increased their price target on Restaurant Brands International from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Robert W. Baird reiterated a “buy” rating and set a $66.00 price objective on shares of Restaurant Brands International in a research report on Thursday, January 3rd. KeyCorp increased their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Finally, Sanford C. Bernstein began coverage on Restaurant Brands International in a research report on Friday, April 5th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $69.77.
Shares of Restaurant Brands International stock traded up $0.26 on Tuesday, reaching $67.27. 1,073,686 shares of the company were exchanged, compared to its average volume of 1,894,080. Restaurant Brands International has a one year low of $50.20 and a one year high of $67.93. The stock has a market cap of $17.01 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.59 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47.
In related news, insider Alexandre Macedo bought 45,000 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 19th. The shares were bought at an average cost of $64.73 per share, with a total value of $2,912,850.00. Following the acquisition, the insider now owns 103,773 shares in the company, valued at approximately $6,717,226.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Granat sold 35,621 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total value of $2,219,188.30. Following the sale, the insider now directly owns 276,457 shares in the company, valued at $17,223,271.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 441,162 shares of company stock worth $28,000,343. 3.78% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in Restaurant Brands International in the fourth quarter valued at about $963,000. Morgan Stanley boosted its stake in Restaurant Brands International by 20.5% in the third quarter. Morgan Stanley now owns 1,255,679 shares of the restaurant operator’s stock valued at $74,437,000 after buying an additional 213,723 shares in the last quarter. Jarislowsky Fraser Ltd boosted its stake in Restaurant Brands International by 7.9% in the fourth quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock valued at $370,950,000 after buying an additional 519,346 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Restaurant Brands International by 52.0% in the third quarter. Riverhead Capital Management LLC now owns 3,508 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 1,200 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in Restaurant Brands International by 2.3% in the fourth quarter. TD Asset Management Inc. now owns 4,337,780 shares of the restaurant operator’s stock valued at $226,523,000 after buying an additional 98,095 shares in the last quarter. 83.27% of the stock is currently owned by institutional investors.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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