Oppenheimer Cuts Restaurant Brands International (NYSE:QSR) Price Target to $77.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective dropped by investment analysts at Oppenheimer from $86.00 to $77.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective indicates a potential upside of 23.12% from the stock’s current price.

QSR has been the topic of a number of other reports. Evercore ISI decreased their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Argus cut their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Citigroup lifted their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lowered their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.62.

Restaurant Brands International Trading Down 1.0 %

Restaurant Brands International stock opened at $62.54 on Tuesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50-day simple moving average of $67.85 and a 200 day simple moving average of $69.56. The stock has a market capitalization of $20.25 billion, a P/E ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a 52 week low of $62.19 and a 52 week high of $83.29.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the company. D1 Capital Partners L.P. acquired a new stake in Restaurant Brands International during the 2nd quarter worth about $200,097,000. National Bank of Canada FI boosted its position in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Holocene Advisors LP acquired a new stake in Restaurant Brands International during the third quarter worth approximately $89,790,000. Point72 Asset Management L.P. increased its holdings in Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Restaurant Brands International by 31.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after purchasing an additional 835,000 shares in the last quarter. Institutional investors 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.