Restaurant Brands International (NYSE:QSR) Price Target Lowered to $78.00 at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by equities research analysts at Citigroup from $84.00 to $78.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price suggests a potential upside of 7.22% from the stock’s previous close.

Other analysts have also issued research reports about the company. Robert W. Baird boosted their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays upped their target price on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Scotiabank raised their target price on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. KeyCorp lifted their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, Morgan Stanley boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.86.

Restaurant Brands International Stock Up 0.5%

Shares of NYSE QSR traded up $0.37 during trading on Friday, reaching $72.75. The company had a trading volume of 759,628 shares, compared to its average volume of 3,339,386. The business’s 50-day moving average is $74.07 and its 200 day moving average is $73.24. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International has a 12-month low of $61.33 and a 12-month high of $81.96. The stock has a market cap of $25.41 billion, a PE ratio of 25.61, a P/E/G ratio of 2.14 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently bought and sold shares of QSR. Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares during the last quarter. Platinum Paramount Investment LTD. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $281,033,000. Norges Bank purchased a new stake in Restaurant Brands International during the fourth quarter valued at about $260,709,000. Capital World Investors increased its position in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.