Restaurant Brands International (NYSE:QSR) Given New $85.00 Price Target at Royal Bank Of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by investment analysts at Royal Bank Of Canada from $90.00 to $85.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 14.48% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Citigroup lowered their target price on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Scotia lifted their price target on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. KeyCorp lifted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Finally, CL King set a $81.00 price target on shares of Restaurant Brands International in a research note on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.33.

Restaurant Brands International Stock Up 1.4%

Shares of NYSE QSR traded up $1.00 during trading on Tuesday, hitting $74.25. 1,119,880 shares of the company traded hands, compared to its average volume of 3,408,387. The business’s fifty day moving average is $75.34 and its 200 day moving average is $72.74. Restaurant Brands International has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.94 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Restaurant Brands International will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its holdings in Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Western Wealth Management LLC bought a new position in Restaurant Brands International during the first quarter valued at $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Restaurant Brands International in the fourth quarter worth $29,000. Finally, CoreCap Advisors LLC increased its position in Restaurant Brands International by 304.3% in the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after buying an additional 350 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.