Evercore ISI Cuts Restaurant Brands International (NYSE:QSR) Price Target to $90.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by Evercore ISI from $93.00 to $90.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s target price would suggest a potential upside of 31.93% from the company’s current price.

QSR has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Piper Sandler cut their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Morgan Stanley lowered their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Finally, KeyCorp cut their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.77.

Restaurant Brands International Trading Up 0.0 %

Restaurant Brands International stock traded up $0.02 during midday trading on Wednesday, reaching $68.22. The stock had a trading volume of 615,931 shares, compared to its average volume of 1,577,791. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.09 and a beta of 0.94. The firm’s fifty day simple moving average is $70.24 and its two-hundred day simple moving average is $70.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Equities analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Restaurant Brands International in the 1st quarter worth $48,000. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the third quarter worth $61,000. BNP Paribas Financial Markets boosted its position in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Restaurant Brands International in the first quarter worth $94,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.