Restaurant Brands International’s (QSR) “Outperform” Rating Reiterated at Oppenheimer

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “outperform” rating reaffirmed by Oppenheimer in a report released on Tuesday,Benzinga reports. They presently have a $80.00 target price on the restaurant operator’s stock. Oppenheimer’s price objective would suggest a potential upside of 10.82% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein set a $78.00 target price on shares of Restaurant Brands International in a research report on Friday, August 8th. Guggenheim raised their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Piper Sandler lowered their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a report on Tuesday, October 21st. Finally, Scotiabank boosted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.76.

Restaurant Brands International Stock Performance

QSR traded up $2.25 during trading on Tuesday, reaching $72.19. The company’s stock had a trading volume of 950,093 shares, compared to its average volume of 2,565,296. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company’s fifty day moving average price is $66.99 and its 200-day moving average price is $67.11. Restaurant Brands International has a 52-week low of $58.71 and a 52-week high of $72.36. The company has a market capitalization of $23.66 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QSR. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International in the third quarter valued at approximately $29,000. Legend Financial Advisors Inc. purchased a new position in shares of Restaurant Brands International in the 2nd quarter worth $33,000. CX Institutional boosted its holdings in Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the second quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC increased its stake in Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 260 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.