Restaurant Brands International (NYSE:QSR) Price Target Lowered to $83.00 at Truist Financial

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by equities research analysts at Truist Financial from $85.00 to $83.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target suggests a potential upside of 28.90% from the stock’s previous close.

Several other research firms have also recently weighed in on QSR. Oppenheimer dropped their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. TD Securities reissued a “buy” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $64.39 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The firm has a market cap of $20.89 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The business has a 50 day moving average price of $64.40 and a 200-day moving average price of $68.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Equities research analysts predict that Restaurant Brands International will post 3.3 earnings per share for the current year.

Insider Activity

In other news, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock worth $7,774,020 over the last 90 days. 1.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the 4th quarter worth $32,000. IFP Advisors Inc boosted its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after buying an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth $60,000. 82.29% of the stock is 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.