Credit Suisse Group Lowers Restaurant Brands International (QSR) Price Target to $71.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by stock analysts at Credit Suisse Group from $74.00 to $71.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. Credit Suisse Group’s target price indicates a potential upside of 18.43% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Restaurant Brands International in a report on Tuesday. Nomura increased their price objective on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, January 5th. Finally, Evercore ISI assumed coverage on shares of Restaurant Brands International in a research note on Monday, December 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Restaurant Brands International has a consensus rating of “Buy” and a consensus price target of $70.29.

Restaurant Brands International (NYSE:QSR) opened at $59.95 on Tuesday. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70. The stock has a market cap of $13,422.97, a PE ratio of 41.34, a PEG ratio of 1.27 and a beta of 1.52. Restaurant Brands International has a twelve month low of $51.79 and a twelve month high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. analysts forecast that Restaurant Brands International will post 2.01 earnings per share for the current fiscal year.

In other Restaurant Brands International news, EVP Jose E. Cil sold 99,151 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $65.05, for a total transaction of $6,449,772.55. Following the sale, the executive vice president now directly owns 397,349 shares of the company’s stock, valued at approximately $25,847,552.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Caira sold 49,804 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the sale, the director now directly owns 124,643 shares in the company, valued at $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Stevens Capital Management LP acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $1,003,000. Suvretta Capital Management LLC boosted its stake in shares of Restaurant Brands International by 12.1% during the 3rd quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock worth $246,660,000 after purchasing an additional 415,540 shares during the last quarter. Highstreet Asset Management Inc. boosted its stake in shares of Restaurant Brands International by 40.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock worth $3,358,000 after purchasing an additional 15,012 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $2,126,000. Finally, Bessemer Group Inc. boosted its stake in shares of Restaurant Brands International by 0.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,601,194 shares of the restaurant operator’s stock worth $102,285,000 after purchasing an additional 12,006 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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