Argus Reaffirms Hold Rating for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reaffirmed by equities researchers at Argus in a research report issued to clients and investors on Friday, Benzinga reports.

QSR has been the topic of several other research reports. TD Cowen boosted their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Seaport Research Partners initiated coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They set a “buy” rating and a $88.00 target price for the company. Piper Sandler lowered their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Scotia dropped their price target on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Finally, CL King set a $80.00 price target on Restaurant Brands International in a research note on Monday, August 10th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $84.04.

Restaurant Brands International Price Performance

QSR opened at $70.89 on Friday. 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 company has a market cap of $24.73 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The stock has a fifty day simple moving average of $75.89 and a two-hundred day simple moving average of $75.52. Restaurant Brands International has a 12-month low of $64.10 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Research analysts predict that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in shares of Restaurant Brands International by 1,440.5% in the 2nd quarter. NewEdge Advisors LLC now owns 94,372 shares of the restaurant operator’s stock worth $6,843,000 after purchasing an additional 88,246 shares in the last quarter. Geode Capital Management LLC lifted its position in Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after purchasing an additional 295,935 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in Restaurant Brands International by 851.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator’s stock valued at $25,713,000 after purchasing an additional 336,615 shares during the period. Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 38.2% in the fourth quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator’s stock worth $466,595,000 after buying an additional 1,889,359 shares during the period. Finally, Norges Bank purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at about $260,709,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.