Stifel Nicolaus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $72.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by stock analysts at Stifel Nicolaus from $77.00 to $72.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 6.10% from the company’s previous close.

A number of other brokerages also recently issued reports on QSR. JPMorgan Chase & Co. increased their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. TD Cowen lowered their price objective on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Oppenheimer cut their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.37.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR traded down $0.05 during midday trading on Thursday, reaching $67.86. 68,375 shares of the company traded hands, compared to its average volume of 1,578,667. The firm’s fifty day moving average price is $70.12 and its two-hundred day moving average price is $70.34. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12 month low of $65.87 and a 12 month high of $83.29.

Insider Activity

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction 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 transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in Restaurant Brands International by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after buying an additional 7,196 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Restaurant Brands International by 63.7% during the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock valued at $3,245,000 after purchasing an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of Restaurant Brands International in the second quarter worth approximately $666,000. Dimensional Fund Advisors LP increased its stake in shares of Restaurant Brands International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after purchasing an additional 10,855 shares in the last quarter. Finally, Seven Eight Capital LP increased its stake in shares of Restaurant Brands International by 646.3% in the first quarter. Seven Eight Capital LP now owns 23,627 shares of the restaurant operator’s stock worth $1,877,000 after purchasing an additional 20,461 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.