Morgan Stanley Lowers Restaurant Brands International (NYSE:QSR) Price Target to $73.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by research analysts at Morgan Stanley from $81.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective indicates a potential upside of 20.70% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Bank of America upped their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. KeyCorp dropped their price objective on shares of 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. Citigroup raised their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI cut their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, CIBC lowered their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.08.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $60.48 on Tuesday. The business’s 50 day moving average price is $66.73 and its 200-day moving average price is $69.13. Restaurant Brands International has a 1 year low of $60.03 and a 1 year high of $83.29. 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 $19.62 billion, a PE ratio of 15.16, a P/E/G ratio of 2.03 and a beta of 0.94.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents 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 this hyperlink. Also, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was 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 trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last three months. Company insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in QSR. Farther Finance Advisors LLC raised 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 valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $61,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Restaurant Brands International by 74.8% in 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. Blue Trust Inc. lifted its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other 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.