Royal Bank Of Canada Issues Positive Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price increased by research analysts at Royal Bank Of Canada from $80.00 to $83.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 15.66% from the company’s current price.

QSR has been the topic of several other reports. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, December 2nd. Piper Sandler raised Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $71.00 to $84.00 in a research report on Monday. TD Cowen decreased their price target on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Truist Financial upped their target price on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.90.

Restaurant Brands International Stock Up 0.1%

NYSE QSR traded up $0.05 during trading on Monday, reaching $71.76. 1,485,633 shares of the company’s stock were exchanged, compared to its average volume of 2,898,781. The company has a 50 day moving average price of $68.59 and a two-hundred day moving average price of $67.55. The stock has a market cap of $24.87 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.18 and a beta of 0.58. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, equities research analysts anticipate that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 25,472 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.91, for a total value of $1,806,219.52. Following the completion of the transaction, the chief executive officer directly owned 961,282 shares of the company’s stock, valued at $68,164,506.62. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Axel Schwan sold 34,939 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the sale, the insider owned 194,984 shares in the company, valued at approximately $13,163,369.84. The trade was a 15.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 186,401 shares of company stock valued at $12,857,069 in the last 90 days. 1.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the business. Intact Investment Management Inc. boosted its stake in shares of Restaurant Brands International by 10.6% during the third quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock valued at $48,722,000 after acquiring an additional 72,800 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Restaurant Brands International by 23,154.1% during the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after acquiring an additional 39,362 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in Restaurant Brands International in the 3rd quarter worth approximately $1,214,000. New York State Common Retirement Fund raised its holdings in Restaurant Brands International by 51.4% in the 3rd quarter. New York State Common Retirement Fund now owns 196,100 shares of the restaurant operator’s stock valued at $12,578,000 after acquiring an additional 66,600 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in Restaurant Brands International by 17.2% in the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after purchasing an additional 724,540 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.