Restaurant Brands International’s (QSR) Buy Rating Reaffirmed at TD Securities

TD Securities reissued their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research note published on Wednesday,Benzinga reports. TD Securities currently has a $70.00 target price on the restaurant operator’s stock.

Several other brokerages have also commented on QSR. Bank of America boosted their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Argus decreased their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Oppenheimer dropped their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Citigroup cut their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research note on Thursday, January 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.33.

Restaurant Brands International Stock Down 1.8 %

QSR opened at $65.67 on Wednesday. The business has a 50 day simple moving average of $64.51 and a 200-day simple moving average of $68.10. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The stock has a market capitalization of $21.31 billion, a P/E ratio of 16.46, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

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 net margin of 16.01% and a return on equity of 28.25%. On average, equities analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after buying an additional 421,873 shares during the period. Norges Bank bought a new position in Restaurant Brands International during the 4th quarter valued at $264,813,000. Fiera Capital Corp boosted its stake in Restaurant Brands International by 6.5% during the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after buying an additional 227,203 shares in the last quarter. National Bank of Canada FI grew its holdings in Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the period. Finally, CIBC Asset Management Inc raised its position in Restaurant Brands International by 4.2% in the third quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after acquiring an additional 118,721 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

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.