Barclays Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by Barclays from $83.00 to $80.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price target would suggest a potential upside of 23.97% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Bank of America lifted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus cut their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Jefferies Financial Group cut their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, 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 report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Stock Down 2.8 %

QSR stock opened at $64.53 on Thursday. The company has a market cap of $20.94 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93. Restaurant Brands International has a 52 week low of $59.67 and a 52 week high of $83.29. The company’s 50-day moving average price is $64.33 and its 200 day moving average price is $68.07. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. On average, research analysts expect that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the business’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 transaction of $358,171.80. Following the completion of the sale, the chief financial officer now directly owns 27,266 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This trade represents a 17.31 % 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 worth $7,774,020 over the last ninety days. 1.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QSR. Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc boosted its stake in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $60,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.