Restaurant Brands International Inc. (QSR) PT Raised to $77.00 at Royal Bank Of Canada
Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) had its price target lifted by investment analysts at Royal Bank Of Canada from $69.00 to $77.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 14.19% from the stock’s current price.
QSR has been the topic of a number of other research reports. Zacks Investment Research lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Scotiabank boosted their target price on Restaurant Brands International from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, OTR Global raised Restaurant Brands International to a “positive” rating in a research report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $69.13.
Restaurant Brands International (QSR) opened at 67.43 on Monday. The company has a 50-day moving average price of $64.50 and a 200 day moving average price of $60.97. Restaurant Brands International has a 52 week low of $42.35 and a 52 week high of $68.40. The company has a market cap of $15.93 billion, a PE ratio of 47.19 and a beta of 1.77.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Restaurant Brands International had a return on equity of 22.71% and a net margin of 12.66%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that Restaurant Brands International will post $1.90 EPS for the current fiscal year.
Restaurant Brands International declared that its board has approved a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs 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 132,911 shares of the business’s stock in a transaction on 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 $11,136,218.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat purchased 5,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $61.32 per share, with a total value of $306,600.00. Following the purchase, the director now owns 25,966 shares of the company’s stock, valued at $1,592,235.12. The disclosure for this purchase can be found here. Insiders own 3.05% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers acquired a new position in shares of Restaurant Brands International in the second quarter worth $802,000. Tower Research Capital LLC TRC grew its stake in shares of Restaurant Brands International by 82.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,446 shares of the restaurant operator’s stock worth $280,000 after acquiring an additional 1,560 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Restaurant Brands International in the second quarter worth $4,065,000. Newbrook Capital Advisors LP grew its stake in shares of Restaurant Brands International by 14.8% in the second quarter. Newbrook Capital Advisors LP now owns 1,044,604 shares of the restaurant operator’s stock worth $65,375,000 after acquiring an additional 134,538 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Restaurant Brands International by 19.4% in the second quarter. Prudential PLC now owns 144,939 shares of the restaurant operator’s stock worth $9,064,000 after acquiring an additional 23,538 shares in the last quarter. Institutional investors and hedge funds 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.
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