Robert W. Baird Increases Restaurant Brands International (NYSE:QSR) Price Target to $85.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price increased by Robert W. Baird from $80.00 to $85.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price objective would suggest a potential upside of 4.75% from the company’s previous close.

QSR has been the subject of several other research reports. Citigroup reduced their price objective on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Morgan Stanley raised their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Barclays increased their price objective on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Guggenheim raised their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.91.

Restaurant Brands International Stock Performance

QSR traded up $0.28 during trading hours on Monday, hitting $81.14. The company’s stock had a trading volume of 1,123,471 shares, compared to its average volume of 3,219,774. The company has a 50-day simple moving average of $74.52 and a 200 day simple moving average of $74.29. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $28.34 billion, a PE ratio of 21.79, a PEG ratio of 2.19 and a beta of 0.50. Restaurant Brands International has a fifty-two week low of $61.33 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Restaurant Brands International will post 4.03 EPS for the current year.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in the company. Capital World Investors grew its stake in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after acquiring an additional 2,703,134 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after purchasing an additional 344,066 shares in the last quarter. Morgan Stanley raised its holdings in Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after buying an additional 1,641,870 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after acquiring an additional 4,203,300 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.