Restaurant Brands International (NYSE:QSR) Rating Reiterated by Longbow Research

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reaffirmed by stock analysts at Longbow Research in a research report issued on Wednesday, TipRanks reports.

A number of other equities analysts have also recently issued reports on the stock. Bank of America cut shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 8th. Cowen upped their price target on shares of Restaurant Brands International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $77.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of Restaurant Brands International in a research note on Thursday, January 23rd. Finally, KeyCorp dropped their price target on shares of Restaurant Brands International from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. Restaurant Brands International presently has an average rating of “Buy” and an average price target of $73.30.

NYSE:QSR opened at $43.63 on Wednesday. The firm’s 50-day moving average price is $54.69 and its 200-day moving average price is $63.90. The company has a market capitalization of $11.54 billion, a PE ratio of 18.41, a P/E/G ratio of 1.27 and a beta of 1.06. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.29 and a quick ratio of 1.24. Restaurant Brands International has a 1-year low of $25.08 and a 1-year high of $79.46.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Restaurant Brands International had a net margin of 11.48% and a return on equity of 31.74%. Restaurant Brands International’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. Equities analysts anticipate that Restaurant Brands International will post 2.83 EPS for the current fiscal year.

In other Restaurant Brands International news, Director Alexandre Behring sold 64,105 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $48.14, for a total transaction of $3,086,014.70. Following the transaction, the director now owns 3,719 shares in the company, valued at approximately $179,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.13% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its stake in shares of Restaurant Brands International by 25.0% in the 4th quarter. Capital World Investors now owns 15,822,100 shares of the restaurant operator’s stock worth $1,008,909,000 after purchasing an additional 3,160,860 shares during the period. Norges Bank bought a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $156,659,000. Bank of Montreal Can lifted its stake in shares of Restaurant Brands International by 13.2% in the 4th quarter. Bank of Montreal Can now owns 10,007,936 shares of the restaurant operator’s stock worth $638,205,000 after purchasing an additional 1,165,219 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Restaurant Brands International by 319.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,186,652 shares of the restaurant operator’s stock worth $84,418,000 after purchasing an additional 903,676 shares during the period. Finally, Fiera Capital Corp lifted its stake in shares of Restaurant Brands International by 45.7% in the 4th quarter. Fiera Capital Corp now owns 2,561,576 shares of the restaurant operator’s stock worth $163,390,000 after purchasing an additional 803,078 shares during the period. Institutional investors and hedge funds own 77.25% of the company’s stock.

Restaurant Brands International Company Profile

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.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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