Mizuho Initiates Coverage on Restaurant Brands International (NYSE:QSR)

Equities research analysts at Mizuho began coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating and a $85.00 price target on the restaurant operator’s stock. Mizuho’s price objective indicates a potential upside of 14.20% from the company’s current price.

Several other brokerages have also recently issued reports on QSR. Morgan Stanley increased their price target on shares of Restaurant Brands International from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday. CL King set a $80.00 price objective on shares of Restaurant Brands International in a report on Monday, August 10th. Robert W. Baird lifted their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 24th. Weiss Ratings raised shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Guggenheim increased their target price on shares of Restaurant Brands International from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.56.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $74.43 on Tuesday. Restaurant Brands International has a fifty-two week low of $64.52 and a fifty-two week high of $81.96. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The company has a 50 day moving average price of $75.09 and a 200 day moving average price of $75.29. The stock has a market capitalization of $25.96 billion, a P/E ratio of 19.08, a PEG ratio of 2.01 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International will post 4.19 EPS for the current year.

Insider Activity at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Groupe la Francaise acquired a new stake in Restaurant Brands International during the second quarter worth approximately $27,000. Western Wealth Management LLC acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $28,000. NFSG Corp acquired a new position in shares of Restaurant Brands International in the 3rd quarter valued at $28,000. CoreCap Advisors LLC boosted its holdings in shares of Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new position in shares of Restaurant Brands International in the 2nd quarter valued at $37,000. Hedge funds and other 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 restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.