Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was upgraded by analysts at OTR Global to a “positive” rating in a research report issued to clients and investors on Monday.

A number of other research firms also recently commented on QSR. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, August 4th. Instinet started coverage on Restaurant Brands International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price target for the company. Nomura started coverage on Restaurant Brands International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $73.00 price target for the company. BidaskClub raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, UBS AG reaffirmed a “buy” rating and issued a $68.00 price target (up previously from $64.00) on shares of Restaurant Brands International in a research note on Thursday, August 3rd. Five research analysts have rated the stock with 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 $68.00.

Restaurant Brands International (NYSE QSR) traded up 1.07% during midday trading on Monday, hitting $66.98. 886,375 shares of the stock traded hands. The stock has a market capitalization of $15.82 billion, a PE ratio of 46.87 and a beta of 1.77. Restaurant Brands International has a 12-month low of $42.35 and a 12-month high of $68.40. The firm’s 50 day moving average is $63.65 and its 200-day moving average is $60.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts anticipate that Restaurant Brands International will post $1.90 EPS for the current fiscal year.

Restaurant Brands International declared that its board has initiated a share buyback plan on Wednesday, August 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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In other Restaurant Brands International news, EVP Jose E. Cil sold 60,832 shares of Restaurant Brands International stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $64.01, for a total value of $3,893,856.32. Following the transaction, the executive vice president now owns 73,618 shares in the company, valued at $4,712,288.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of Restaurant Brands International stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $63.77, for a total value of $8,475,734.47. Following the completion of the transaction, the executive vice president now owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. Insiders own 3.05% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in QSR. FMR LLC grew its position in Restaurant Brands International by 10.9% in the second quarter. FMR LLC now owns 15,492,590 shares of the restaurant operator’s stock valued at $969,362,000 after acquiring an additional 1,528,447 shares during the last quarter. Fiera Capital Corp grew its position in Restaurant Brands International by 481.6% in the second quarter. Fiera Capital Corp now owns 1,338,343 shares of the restaurant operator’s stock valued at $83,591,000 after acquiring an additional 1,108,231 shares during the last quarter. Mik Capital LLC bought a new position in Restaurant Brands International in the second quarter valued at about $52,536,000. CI Global Investments Inc. grew its position in Restaurant Brands International by 15,143.9% in the second quarter. CI Global Investments Inc. now owns 500,000 shares of the restaurant operator’s stock valued at $31,270,000 after acquiring an additional 496,720 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in Restaurant Brands International in the second quarter valued at about $29,644,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

About Restaurant Brands International

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)

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