Analysts Set Restaurant Brands International Inc. (NYSE:QSR) Target Price at $83.86

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has been assigned an average rating of “Moderate Buy” from the twenty-three research firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $83.8636.

QSR has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley lifted their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Finally, UBS Group boosted their target price on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

Restaurant Brands International Stock Up 0.6%

Shares of NYSE QSR opened at $74.31 on Monday. The stock has a market capitalization of $25.95 billion, a P/E ratio of 26.16, a PEG ratio of 2.16 and a beta of 0.50. Restaurant Brands International has a one year low of $61.33 and a one year high of $81.96. The firm’s 50 day simple moving average is $73.79 and its two-hundred day simple moving average is $73.59. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Restaurant Brands International will post 4.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently bought and sold shares of the stock. Capital World Investors boosted its stake in shares of Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after purchasing an additional 3,095,167 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 16.2% in the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after buying an additional 2,703,134 shares during the period. Vanguard Group Inc. increased its stake in shares of Restaurant Brands International by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after buying an additional 344,066 shares during the period. Morgan Stanley raised its holdings in Restaurant Brands International by 24.2% during the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after buying an additional 1,641,870 shares during the last quarter. Finally, Baupost Group LLC MA raised its holdings in Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the last quarter. 82.29% of the stock is 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.