Restaurant Brands International (TSE:QSR) Given New C$78.00 Price Target at Citigroup

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its price objective lowered by equities research analysts at Citigroup from C$79.00 to C$78.00 in a report released on Friday, BayStreet reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s price objective suggests a potential downside of 23.53% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on QSR. Mizuho upgraded shares of Restaurant Brands International to a “strong-buy” rating in a research report on Tuesday, October 20th. Seaport Research Partners raised shares of Restaurant Brands International to a “strong-buy” rating in a report on Tuesday, September 15th. Finally, Argus cut Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of C$81.00.

Restaurant Brands International Price Performance

QSR stock traded down C$0.31 during trading on Friday, reaching C$102.00. The company’s stock had a trading volume of 661,807 shares, compared to its average volume of 1,086,916. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 406.52. The company’s fifty day moving average is C$104.82 and its 200-day moving average is C$102.67. The company has a market capitalization of C$35.42 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.34. Restaurant Brands International has a 1 year low of C$89.08 and a 1 year high of C$113.10.

Insiders Place Their Bets

In other news, Director Vicente Tome sold 2,258 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$112.93, for a total value of C$254,995.94. Following the sale, the director owned 13,264 shares of the company’s stock, valued at approximately C$1,497,903.52. This represents a 14.55% decrease in their ownership of the stock. 1.24% of the stock is owned by company insiders.

About Restaurant Brands International

Restaurant Brands International Inc is one of the world’s largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.