Restaurant Brands International (NYSE:QSR) Price Target Cut to $67.00 by Analysts at Jefferies Financial Group

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by research analysts at Jefferies Financial Group from $73.00 to $67.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Jefferies Financial Group’s price objective points to a potential upside of 6.95% from the stock’s previous close.

Several other equities research analysts have also weighed in on QSR. Citigroup upped their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer reduced their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Cowen dropped their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Finally, CIBC dropped their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus price target of $80.44.

Restaurant Brands International Stock Up 1.1 %

Shares of NYSE QSR traded up $0.65 during mid-day trading on Thursday, reaching $62.64. The company had a trading volume of 191,833 shares, compared to its average volume of 1,979,425. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $20.32 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. Restaurant Brands International has a twelve month low of $59.85 and a twelve month high of $83.29. The stock’s 50 day moving average is $65.63 and its 200-day moving average is $68.64.

Insiders Place Their Bets

In related news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares in the company, valued at $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at about $61,000. Crewe Advisors LLC bought a new stake in Restaurant Brands International during the 4th quarter valued at about $74,000. MassMutual Private Wealth & Trust FSB increased its stake in Restaurant Brands International by 74.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 567 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. 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.