Restaurant Brands International (QSR) Given “Hold” Rating at BMO Capital Markets

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a research note issued on Tuesday.

Several other brokerages have also recently commented on QSR. Oppenheimer lifted their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, December 26th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the stock a “buy” rating in a research report on Monday, October 16th. Royal Bank of Canada lifted their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Evercore ISI initiated coverage on shares of Restaurant Brands International in a research report on Monday, December 11th. They set an “outperform” rating and a $75.00 price target for the company. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.47.

Restaurant Brands International (NYSE QSR) opened at $59.95 on Tuesday. Restaurant Brands International has a 12 month low of $51.79 and a 12 month high of $68.89. The firm has a market cap of $13,422.97, a PE ratio of 41.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $0.44 EPS. Restaurant Brands International’s revenue was up 11.0% on a year-over-year basis. sell-side analysts anticipate that Restaurant Brands International will post 2.01 EPS for the current year.

In related news, EVP Jose E. Cil sold 99,151 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 397,349 shares in the company, valued at $25,847,552.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marc Caira sold 49,804 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the transaction, the director now owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. 3.05% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of QSR. Stevens Capital Management LP acquired a new position in shares of Restaurant Brands International in the third quarter valued at approximately $1,003,000. Suvretta Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 12.1% in the third quarter. Suvretta Capital Management LLC now owns 3,861,310 shares of the restaurant operator’s stock valued at $246,660,000 after buying an additional 415,540 shares during the period. Highstreet Asset Management Inc. boosted its holdings in shares of Restaurant Brands International by 40.0% in the third quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock valued at $3,358,000 after buying an additional 15,012 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Restaurant Brands International in the third quarter valued at approximately $2,126,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Restaurant Brands International by 0.8% in the third quarter. Bessemer Group Inc. now owns 1,601,194 shares of the restaurant operator’s stock valued at $102,285,000 after buying an additional 12,006 shares during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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About Restaurant Brands International

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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