Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

QSR has been the subject of a number of other reports. Cowen and Company raised their target price on shares of Restaurant Brands International from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Zacks Investment Research lowered shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, May 19th. BMO Capital Markets raised their target price on shares of Restaurant Brands International from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Wednesday, June 14th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $66.00 target price on shares of Restaurant Brands International in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.63.

Restaurant Brands International (NYSE:QSR) traded up 0.22% during midday trading on Friday, reaching $59.83. 219,116 shares of the company’s stock were exchanged. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 41.87 and a beta of 1.77. Restaurant Brands International has a 12-month low of $42.35 and a 12-month high of $62.94. The firm has a 50-day moving average price of $61.35 and a 200 day moving average price of $57.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Restaurant Brands International had a net margin of 12.66% and a return on equity of 22.71%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. On average, analysts expect that Restaurant Brands International will post $1.89 EPS for the current fiscal year.

Restaurant Brands International announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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In other news, EVP Jose E. Cil sold 105,540 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $59.86, for a total transaction of $6,317,624.40. Following the completion of the sale, the executive vice president now directly owns 58,644 shares of the company’s stock, valued at $3,510,429.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jose E. Cil sold 1,760 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $59.75, for a total transaction of $105,160.00. Following the sale, the executive vice president now directly owns 22,855 shares of the company’s stock, valued at $1,365,586.25. The disclosure for this sale can be found here. Insiders have sold 250,000 shares of company stock valued at $14,849,219 over the last three months. Insiders own 4.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Restaurant Brands International by 28.6% in the second quarter. PNC Financial Services Group Inc. now owns 4,150 shares of the restaurant operator’s stock worth $260,000 after buying an additional 922 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Restaurant Brands International during the second quarter worth about $8,998,000. Bridgewater Associates LP bought a new stake in shares of Restaurant Brands International during the second quarter worth about $3,073,000. TIAA CREF Investment Management LLC raised its stake in shares of Restaurant Brands International by 2.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,299,324 shares of the restaurant operator’s stock worth $81,260,000 after buying an additional 37,195 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Restaurant Brands International by 0.9% in the second quarter. Teachers Advisors LLC now owns 1,320,662 shares of the restaurant operator’s stock worth $82,594,000 after buying an additional 12,111 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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