Restaurant Brands International’s (QSR) “Buy” Rating Reiterated at TD Securities

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “buy” rating reiterated by TD Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $70.00 target price on the restaurant operator’s stock. TD Securities’ price objective suggests a potential upside of 4.46% from the company’s previous close.

A number of other research firms have also recently commented on QSR. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley lowered their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Argus cut their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Citigroup decreased their price objective on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Restaurant Brands International Trading Up 1.0 %

Shares of QSR stock opened at $67.01 on Wednesday. The company has a market capitalization of $21.74 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 52-week low of $59.67 and a 52-week high of $83.29. The business’s fifty day moving average is $64.51 and its 200 day moving average is $68.10. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. On average, equities research analysts anticipate that Restaurant Brands International will post 3.3 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the business’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 $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,510 shares of company stock valued at $7,774,020. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mufg Securities Canada LTD. lifted its holdings in Restaurant Brands International by 75.7% in the fourth quarter. Mufg Securities Canada LTD. now owns 494,313 shares of the restaurant operator’s stock valued at $32,197,000 after acquiring an additional 213,035 shares during the period. Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after purchasing an additional 421,873 shares during the last quarter. Guardian Partners Inc. bought a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $299,000. American Century Companies Inc. boosted its holdings in shares of Restaurant Brands International by 3.4% in the fourth quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator’s stock worth $2,826,000 after buying an additional 1,428 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its position in Restaurant Brands International by 4.4% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 82,711 shares of the restaurant operator’s stock valued at $5,381,000 after buying an additional 3,511 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.