Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “buy” rating reaffirmed by UBS Group in a research note issued to investors on Friday, Briefing.com Automated Import reports. They currently have a $79.00 price target on the restaurant operator’s stock, up from their prior price target of $74.00. UBS Group’s price objective indicates a potential upside of 8.79% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Mizuho downgraded shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Wednesday, March 20th. Barclays reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Evercore ISI started coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective on the stock. Finally, Credit Suisse Group started coverage on shares of Arco Platform in a research report on Tuesday, June 25th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $70.77.
Shares of QSR stock opened at $72.62 on Friday. Restaurant Brands International has a one year low of $50.20 and a one year high of $73.04. The company’s 50-day moving average price is $68.44. The stock has a market cap of $18.29 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 2.87 and a beta of 1.26. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Restaurant Brands International will post 2.66 EPS for the current year.
In other news, CEO Jose E. Cil sold 127,557 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the sale, the chief executive officer now owns 558,889 shares of the company’s stock, valued at approximately $38,160,940.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel S. Schwartz sold 1,041,882 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $67.88, for a total transaction of $70,722,950.16. Following the completion of the transaction, the insider now directly owns 461,637 shares in the company, valued at approximately $31,335,919.56. The disclosure for this sale can be found here. Company insiders own 4.13% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its holdings in shares of Restaurant Brands International by 327.2% in the first quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after buying an additional 602 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Restaurant Brands International by 357.4% in the first quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock worth $64,000 after buying an additional 772 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Restaurant Brands International in the first quarter worth approximately $112,000. Daiwa Securities Group Inc. boosted its holdings in shares of Restaurant Brands International by 41.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the restaurant operator’s stock worth $156,000 after buying an additional 700 shares during the last quarter. Finally, Gruss & Co. Inc. purchased a new position in shares of Restaurant Brands International in the first quarter worth approximately $202,000. 79.98% of the stock is currently owned by institutional investors.
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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