Restaurant Brands International (NYSE:QSR) Trading Up 1.2%

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price traded up 1.2% during trading on Monday . The company traded as high as $71.21 and last traded at $71.00. 373,962 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,597,969 shares. The stock had previously closed at $70.16.

Analysts Set New Price Targets

Several analysts recently commented on QSR shares. Genuity Capital Markets cut their price objective on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Truist Financial lowered their price objective on Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. TD Cowen reiterated a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Thursday, June 13th. Barclays boosted their target price on Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, TD Securities boosted their target price on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.46.

Restaurant Brands International Price Performance

The company’s fifty day moving average is $69.83 and its two-hundred day moving average is $73.71. The stock has a market cap of $22.31 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.06 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 154 shares during the period. First Horizon Advisors Inc. raised its position in shares of Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 160 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Restaurant Brands International by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock valued at $391,000 after purchasing an additional 170 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its position in shares of Restaurant Brands International by 4.5% during the 4th quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

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.