Citigroup Cuts Restaurant Brands International (NYSE:QSR) Price Target to $72.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by Citigroup from $74.00 to $72.00 in a research note released on Tuesday morning, Marketbeat.com reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

Several other research firms have also recently weighed in on QSR. Robert W. Baird raised their price objective on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Sanford C. Bernstein reaffirmed an “overweight” rating and set a $86.00 price target on shares of Restaurant Brands International in a research note on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Restaurant Brands International in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Finally, Scotiabank boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and an average price target of $76.95.

Restaurant Brands International Stock Up 1.5%

Shares of NYSE QSR opened at $70.31 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The business has a 50-day moving average of $69.34 and a 200-day moving average of $67.47. The firm has a market capitalization of $24.35 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.51 and a beta of 0.58. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $73.70.

Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 699 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total value of $47,140.56. Following the transaction, the insider owned 64,088 shares in the company, valued at approximately $4,322,094.72. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Perdue sold 396 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total transaction of $26,706.24. Following the transaction, the insider directly owned 36,997 shares of the company’s stock, valued at approximately $2,495,077.68. This trade represents a 1.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 145,508 shares of company stock valued at $10,233,040. Corporate insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International in the third quarter worth $29,000. Cary Street Partners Investment Advisory LLC purchased a new position in Restaurant Brands International during the 2nd quarter valued at $35,000. Elevation Point Wealth Partners LLC purchased a new position in Restaurant Brands International during the 2nd quarter valued at $36,000. Finally, Exchange Traded Concepts LLC bought a new position in Restaurant Brands International in the 3rd quarter worth $48,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.