Restaurant Brands International (NYSE:QSR) Downgraded by TD Cowen to “Hold”

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued on Friday,Briefing.com Automated Import reports. They currently have a $70.00 price objective on the restaurant operator’s stock. TD Cowen’s target price indicates a potential upside of 5.45% from the stock’s current price.

Several other research analysts also recently commented on the company. TD Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Wednesday. KeyCorp decreased their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Oppenheimer decreased 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.42.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $66.38 on Friday. Restaurant Brands International has a one year low of $59.67 and a one year high of $83.29. The business has a fifty day moving average price of $64.40 and a 200-day moving average price of $68.08. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $21.54 billion, a P/E ratio of 16.64, a PEG ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 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%. As a group, equities research analysts forecast that Restaurant Brands International will post 3.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 113,510 shares of company stock valued at $7,774,020. Company insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of 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 period. Venturi Wealth Management LLC increased its position in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $32,000. IFP Advisors Inc increased its holdings in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Restaurant Brands International during the third quarter valued at approximately $61,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.