Restaurant Brands International (NYSE:QSR) Stock Price Target Lowered at Jefferies Financial Group

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by equities researchers at Jefferies Financial Group from $82.00 to $78.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. Jefferies Financial Group’s target price indicates a potential upside of 8.65% from the company’s current price.

A number of other research analysts have also weighed in on QSR. Piper Sandler cut their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Morgan Stanley boosted their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Scotiabank decreased their target price on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Finally, Argus reaffirmed a “hold” rating on shares of Restaurant Brands International in a report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.79.

Restaurant Brands International Stock Up 0.5%

Shares of QSR traded up $0.36 during mid-day trading on Tuesday, hitting $71.79. 72,598 shares of the company’s stock were exchanged, compared to its average volume of 3,220,660. The firm has a fifty day moving average of $75.77 and a two-hundred day moving average of $75.51. Restaurant Brands International has a twelve month low of $64.11 and a twelve month high of $81.96. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Restaurant Brands International’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that Restaurant Brands International will post 4.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of QSR. Andra AP fonden increased its position in Restaurant Brands International by 5,141.7% in the 2nd quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock valued at $4,561,000 after acquiring an additional 61,700 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Restaurant Brands International by 150.7% in the second quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock valued at $2,641,000 after buying an additional 21,897 shares during the period. NewEdge Advisors LLC boosted its stake in Restaurant Brands International by 1,440.5% in the second quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock valued at $6,843,000 after acquiring an additional 88,246 shares during the last quarter. Baird Financial Group Inc. bought a new position in Restaurant Brands International in the second quarter valued at approximately $352,000. Finally, Allworth Financial LP grew its holdings in Restaurant Brands International by 6.4% during the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 136 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.