Citigroup Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target reduced by stock analysts at Citigroup from $81.00 to $78.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 10.28% from the company’s previous close.

Several other research analysts also recently commented on QSR. Stephens reiterated an “equal weight” rating and issued a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Evercore ISI lifted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Stifel Nicolaus lifted their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Truist Financial dropped their price objective on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.25.

Restaurant Brands International Stock Down 0.1 %

QSR stock opened at $70.73 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. Restaurant Brands International has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a fifty day simple moving average of $77.24 and a 200 day simple moving average of $73.83. The firm has a market cap of $22.38 billion, a PE ratio of 18.76, a PEG ratio of 2.12 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Sell-side analysts anticipate that Restaurant Brands International will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the transaction, the insider now directly owns 410,759 shares in the company, valued at $31,299,835.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the transaction, the insider now directly owns 410,759 shares in the company, valued at $31,299,835.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock worth $28,828,182 over the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $3,703,000. Wellington Management Group LLP acquired a new position in shares of Restaurant Brands International during the third quarter worth approximately $5,619,000. Vanguard Group Inc. lifted its position in shares of Restaurant Brands International by 1.8% during the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after purchasing an additional 203,594 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $5,634,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Restaurant Brands International by 47.3% during the third quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator’s stock worth $26,914,000 after purchasing an additional 129,713 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.