Scotiabank Boosts Restaurant Brands International (NYSE:QSR) Price Target to $81.00

Restaurant Brands International (NYSE:QSRFree Report) (TSE:QSR) had its target price lifted by Scotiabank from $80.00 to $81.00 in a research report sent to investors on Friday, Marketbeat.com reports. Scotiabank currently has a sector outperform rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. KeyCorp lowered their target price on shares of Restaurant Brands International from $85.00 to $82.00 and set an overweight rating on the stock in a report on Monday, November 6th. Stifel Nicolaus increased their price objective on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a report on Thursday, January 4th. Oppenheimer boosted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Piper Sandler upped their target price on shares of Restaurant Brands International from $72.00 to $85.00 and gave the stock a neutral rating in a research report on Wednesday, January 31st. Finally, CIBC reduced their price objective on Restaurant Brands International from $88.00 to $87.00 and set an outperform rating on the stock in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of Moderate Buy and an average price target of $80.07.

View Our Latest Stock Report on Restaurant Brands International

Restaurant Brands International Price Performance

NYSE:QSR opened at $78.27 on Friday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.07 and a current ratio of 1.15. The company has a 50-day moving average of $76.55 and a 200-day moving average of $71.42. Restaurant Brands International has a 52 week low of $59.99 and a 52 week high of $79.94. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.67 and a beta of 0.92.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 2,682 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $76.55, for a total value of $205,307.10. Following the sale, the insider now owns 23,322 shares of the company’s stock, valued at $1,785,299.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 2,682 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $76.55, for a total transaction of $205,307.10. Following the transaction, the insider now owns 23,322 shares of the company’s stock, valued at approximately $1,785,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 1,218 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $73.23, for a total transaction of $89,194.14. Following the completion of the sale, the insider now owns 14,330 shares of the company’s stock, valued at approximately $1,049,385.90. The disclosure for this sale can be found here. Insiders sold a total of 74,657 shares of company stock valued at $5,430,934 in the last quarter. 1.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of Restaurant Brands International by 13.9% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,409 shares of the restaurant operator’s stock worth $264,000 after buying an additional 416 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Restaurant Brands International by 49.9% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,571 shares of the restaurant operator’s stock worth $588,000 after acquiring an additional 2,519 shares during the period. Franklin Resources Inc. grew its position in shares of Restaurant Brands International by 36.7% in the second quarter. Franklin Resources Inc. now owns 117,311 shares of the restaurant operator’s stock valued at $9,094,000 after purchasing an additional 31,522 shares during the last quarter. Capital International Inc. CA grew its position in shares of Restaurant Brands International by 16.7% in the second quarter. Capital International Inc. CA now owns 94,162 shares of the restaurant operator’s stock valued at $7,299,000 after purchasing an additional 13,450 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Restaurant Brands International during the second quarter worth approximately $228,000.

About Restaurant Brands International

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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.

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