Restaurant Brands International (QSR) Price Target Raised to $77.00 at Barclays

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by Barclays from $73.00 to $77.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price target suggests a potential upside of 14.12% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Wednesday. Longbow Research lowered Restaurant Brands International from a “neutral” rating to an “underperform” rating and cut their price target for the company from $70.50 to $55.00 in a research note on Monday, May 13th. Jefferies Financial Group assumed coverage on Restaurant Brands International in a research note on Thursday, May 9th. They set a “hold” rating and a $70.00 price target on the stock. ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Co increased their target price on Restaurant Brands International from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.83.

Shares of QSR traded down $0.32 during trading hours on Thursday, hitting $67.47. 2,868,422 shares of the stock traded hands, compared to its average volume of 2,109,486. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47. Restaurant Brands International has a 1-year low of $50.20 and a 1-year high of $68.65. The firm has a market capitalization of $17.21 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.39.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $0.66 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International will post 2.67 EPS for the current year.

In other news, insider Jill Granat sold 35,621 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $62.30, for a total transaction of $2,219,188.30. Following the sale, the insider now owns 276,457 shares of the company’s stock, valued at $17,223,271.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alexandre Macedo purchased 45,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $2,912,850.00. Following the transaction, the insider now owns 103,773 shares of the company’s stock, valued at $6,717,226.29. The disclosure for this purchase can be found here. Corporate insiders own 3.78% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of Restaurant Brands International by 24.2% during the first quarter. FIL Ltd now owns 8,910,639 shares of the restaurant operator’s stock worth $579,708,000 after purchasing an additional 1,736,671 shares during the period. Jarislowsky Fraser Ltd raised its position in shares of Restaurant Brands International by 7.9% during the fourth quarter. Jarislowsky Fraser Ltd now owns 7,103,810 shares of the restaurant operator’s stock worth $370,950,000 after purchasing an additional 519,346 shares during the period. Bank of Montreal Can raised its position in shares of Restaurant Brands International by 16.6% during the first quarter. Bank of Montreal Can now owns 5,998,387 shares of the restaurant operator’s stock worth $390,557,000 after purchasing an additional 852,636 shares during the period. TD Asset Management Inc. raised its position in shares of Restaurant Brands International by 2.3% during the fourth quarter. TD Asset Management Inc. now owns 4,337,780 shares of the restaurant operator’s stock worth $226,523,000 after purchasing an additional 98,095 shares during the period. Finally, Standard Life Aberdeen plc raised its position in shares of Restaurant Brands International by 1.1% during the fourth quarter. Standard Life Aberdeen plc now owns 3,532,734 shares of the restaurant operator’s stock worth $185,345,000 after purchasing an additional 39,137 shares during the period. 84.06% 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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