Restaurant Brands International (QSR) Upgraded to “B” by TheStreet

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Thursday, March 15th.

Several other research analysts also recently weighed in on QSR. Mizuho assumed coverage on Restaurant Brands International in a research note on Thursday, March 15th. They issued a “buy” rating and a $65.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Nomura raised their price target on Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Credit Suisse Group reduced their price target on Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Finally, Royal Bank of Canada raised their price target on Restaurant Brands International from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $70.06.

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NYSE:QSR traded down $0.63 during mid-day trading on Thursday, reaching $55.96. 1,497,368 shares of the stock were exchanged, compared to its average volume of 1,326,822. The company has a market capitalization of $13,650.66, a PE ratio of 26.65, a P/E/G ratio of 1.43 and a beta of 1.47. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.64. Restaurant Brands International has a 1 year low of $54.00 and a 1 year high of $68.89.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Monday, February 12th. The restaurant operator reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Restaurant Brands International had a return on equity of 24.56% and a net margin of 12.70%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.44 EPS. The company’s revenue was up 11.0% on a year-over-year basis. sell-side analysts anticipate that Restaurant Brands International will post 2.65 EPS for the current fiscal year.

In other news, insider Jill Granat sold 187,450 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $59.07, for a total value of $11,072,671.50. Following the completion of the transaction, the insider now directly owns 94,259 shares of the company’s stock, valued at $5,567,879.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Heitor Goncalves sold 19,107 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $57.59, for a total value of $1,100,372.13. Following the completion of the transaction, the insider now directly owns 426,818 shares of the company’s stock, valued at $24,580,448.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 471,676 shares of company stock valued at $27,885,174. Insiders own 3.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Suvretta Capital Management LLC grew its position 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 purchasing an additional 415,540 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Restaurant Brands International by 36.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,831,529 shares of the restaurant operator’s stock valued at $235,562,000 after purchasing an additional 1,017,863 shares during the period. TD Asset Management Inc. grew its position in shares of Restaurant Brands International by 6.3% in the third quarter. TD Asset Management Inc. now owns 3,535,175 shares of the restaurant operator’s stock valued at $225,342,000 after purchasing an additional 208,443 shares during the period. Millennium Management LLC grew its position in shares of Restaurant Brands International by 178.9% in the fourth quarter. Millennium Management LLC now owns 3,483,355 shares of the restaurant operator’s stock valued at $214,157,000 after purchasing an additional 2,234,306 shares during the period. Finally, Two Creeks Capital Management LP grew its position in shares of Restaurant Brands International by 17.6% in the fourth quarter. Two Creeks Capital Management LP now owns 2,141,990 shares of the restaurant operator’s stock valued at $131,690,000 after purchasing an additional 320,686 shares during the period. 78.11% of the stock is owned by institutional investors.

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About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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