Royal Bank of Canada Boosts Restaurant Brands International (QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target upped by Royal Bank of Canada from $77.00 to $78.00 in a report issued on Tuesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 35.16% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the company a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Evercore ISI started coverage on shares of Restaurant Brands International in a research report on Monday, December 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Co boosted their price objective on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $70.35.

Shares of Restaurant Brands International (QSR) opened at $57.71 on Tuesday. Restaurant Brands International has a 1-year low of $53.47 and a 1-year high of $68.89. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70. The company has a market cap of $14,240.08, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.35 and a beta of 1.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.09. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. Restaurant Brands International had a net margin of 12.70% and a return on equity of 25.57%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. equities analysts anticipate that Restaurant Brands International will post 2.72 earnings per share for the current fiscal year.

In other news, Director Marc Caira sold 49,804 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the sale, the director now directly owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.05% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Restaurant Brands International by 178.9% in the 4th quarter. Millennium Management LLC now owns 3,483,355 shares of the restaurant operator’s stock worth $214,157,000 after buying an additional 2,234,306 shares during the period. Newbrook Capital Advisors LP grew its position in shares of Restaurant Brands International by 0.4% in the 4th quarter. Newbrook Capital Advisors LP now owns 1,052,800 shares of the restaurant operator’s stock worth $64,687,000 after buying an additional 3,923 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Restaurant Brands International by 12.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,321 shares of the restaurant operator’s stock worth $696,000 after buying an additional 1,254 shares during the period. HBK Investments L P grew its position in shares of Restaurant Brands International by 236.9% in the 4th quarter. HBK Investments L P now owns 111,600 shares of the restaurant operator’s stock worth $6,861,000 after buying an additional 78,470 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Restaurant Brands International by 34.3% in the 4th quarter. Two Sigma Advisers LP now owns 664,255 shares of the restaurant operator’s stock worth $40,871,000 after buying an additional 169,633 shares during the period. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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