TD Securities Reiterates Hold Rating for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reaffirmed by research analysts at TD Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $70.00 price target on the restaurant operator’s stock. TD Securities’ target price would suggest a potential upside of 8.58% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Barclays decreased their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. CIBC lowered their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. KeyCorp decreased 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. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus reduced their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.96.

Restaurant Brands International Stock Up 1.0 %

Shares of NYSE QSR traded up $0.63 during trading hours on Tuesday, hitting $64.47. The stock had a trading volume of 757,011 shares, compared to its average volume of 2,229,536. The firm’s 50-day moving average price is $63.58 and its two-hundred day moving average price is $67.72. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $83.29. The company has a market capitalization of $20.92 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.77 and a beta of 0.93. 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 (NYSE:QSR) (TSE:QSR) last announced 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 28.53% and a net margin of 12.15%. Analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. Private Advisor Group LLC purchased a new stake in Restaurant Brands International in the 3rd quarter valued at about $257,000. International Assets Investment Management LLC purchased a new stake in Restaurant Brands International in the 3rd quarter valued at about $4,596,000. Assenagon Asset Management S.A. grew its stake in Restaurant Brands International by 379.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock worth $1,628,000 after acquiring an additional 17,868 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Restaurant Brands International by 38.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock worth $310,000 after acquiring an additional 1,198 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.