TD Cowen Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price decreased by stock analysts at TD Cowen from $80.00 to $78.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s target price points to a potential upside of 10.98% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the company an “outperform” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Citigroup lifted their price target on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Finally, Argus reaffirmed a “hold” rating on shares of Restaurant Brands International in a research note on Friday, September 25th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.62.

Restaurant Brands International Stock Performance

QSR opened at $70.28 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. Restaurant Brands International has a 12-month low of $64.52 and a 12-month high of $81.96. The firm has a 50 day moving average of $75.40 and a two-hundred day moving average of $75.38. The firm has a market capitalization of $24.51 billion, a PE ratio of 18.89, a P/E/G ratio of 1.90 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. On average, analysts anticipate that Restaurant Brands International will post 4.16 EPS for the current year.

Insiders Place Their Bets

In other news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently added to or reduced their stakes in QSR. Allworth Financial LP raised its position in Restaurant Brands International by 6.4% in the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 136 shares during the period. Syon Capital LLC grew its stake in shares of Restaurant Brands International by 2.4% in the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after buying an additional 146 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Restaurant Brands International by 4.1% in the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 170 shares during the period. Versant Capital Management Inc lifted its stake in Restaurant Brands International by 6.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after acquiring an additional 207 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA boosted its holdings in Restaurant Brands International by 0.4% during the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 54,969 shares of the restaurant operator’s stock valued at $3,986,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.