BMO Capital Markets Lowers Restaurant Brands International (QSR) to Market Perform

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $66.00 price target on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential upside of 17.23% from the stock’s current price.

QSR has been the topic of a number of other reports. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, December 26th. Morgan Stanley upgraded Restaurant Brands International from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 26th. Royal Bank of Canada decreased their price target on Restaurant Brands International from $78.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, April 19th. ValuEngine lowered Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. Finally, Scotiabank decreased their price target on Restaurant Brands International from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.00.

NYSE:QSR opened at $56.30 on Monday. The stock has a market cap of $13,333.54, a P/E ratio of 26.81, a PEG ratio of 1.40 and a beta of 1.47. Restaurant Brands International has a 52-week low of $53.09 and a 52-week high of $68.89. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.64.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Tuesday, April 24th. The restaurant operator reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.13 billion. Restaurant Brands International had a return on equity of 24.56% and a net margin of 12.70%. Restaurant Brands International’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. sell-side analysts anticipate that Restaurant Brands International will post 2.64 earnings per share for the current fiscal year.

In other Restaurant Brands International news, Director Ali Hedayat acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $58.00 per share, for a total transaction of $290,000.00. Following the transaction, the director now owns 37,592 shares of the company’s stock, valued at approximately $2,180,336. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Heitor Goncalves sold 81,637 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $59.42, for a total value of $4,850,870.54. Following the sale, the insider now owns 187,333 shares of the company’s stock, valued at $11,131,326.86. The disclosure for this sale can be found here. Insiders have sold a total of 471,676 shares of company stock valued at $27,885,174 over the last 90 days. Corporate insiders own 3.05% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in Restaurant Brands International during the 4th quarter worth about $129,000. Delpha Capital Management LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $147,000. Elkfork Partners LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $177,000. YHB Investment Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $208,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $209,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

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About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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