Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its price objective increased by stock analysts at Stephens from $60.00 to $68.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the restaurant operator’s stock. Stephens’ price objective would indicate a potential upside of 9.48% from the company’s previous close.

Other research analysts have also recently issued reports about the company. UBS AG raised Restaurant Brands International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 14th. BidaskClub raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. OTR Global reissued a “positive” rating on shares of Restaurant Brands International in a report on Tuesday, April 11th. Bank of America Corporation reissued a “neutral” rating and issued a $62.00 target price (up from $58.00) on shares of Restaurant Brands International in a report on Tuesday, June 13th. Finally, Scotiabank reissued an “outperform” rating and issued a $65.00 target price on shares of Restaurant Brands International in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.63.

Restaurant Brands International (QSR) traded up 2.34% during midday trading on Thursday, reaching $62.11. The company’s stock had a trading volume of 1,677,755 shares. The stock’s 50-day moving average price is $61.24 and its 200 day moving average price is $56.95. The firm has a market capitalization of $14.67 billion, a PE ratio of 43.46 and a beta of 1.77. Restaurant Brands International has a 1-year low of $42.35 and a 1-year high of $62.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Equities analysts anticipate that Restaurant Brands International will post $1.89 EPS for the current fiscal year.

Restaurant Brands International announced that its board has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Restaurant Brands International Inc. (QSR) PT Raised to $68.00” was published by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/06/restaurant-brands-international-inc-qsr-pt-raised-to-68-00.html.

In other Restaurant Brands International news, EVP Jose E. Cil sold 1,760 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $59.75, for a total transaction of $105,160.00. Following the completion of the sale, the executive vice president now directly owns 22,855 shares of the company’s stock, valued at approximately $1,365,586.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jose E. Cil sold 142,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $59.05, for a total value of $8,426,435.00. Following the sale, the executive vice president now directly owns 21,684 shares of the company’s stock, valued at $1,280,440.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,000 shares of company stock valued at $14,849,219. 4.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of QSR. IFP Advisors Inc increased its stake in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares in the last quarter. Westpac Banking Corp increased its stake in Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,763 shares in the last quarter. Creative Planning increased its stake in Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Restaurant Brands International by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Restaurant Brands International by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares in the last quarter. 75.68% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Receive News & Ratings for Restaurant Brands International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.