Citigroup Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by equities research analysts at Citigroup from $74.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 6.99% from the company’s current price.

A number of other equities analysts also recently issued reports on QSR. Robert W. Baird increased their price target on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Finally, Sanford C. Bernstein reiterated an “overweight” rating and set a $86.00 target price on shares of Restaurant Brands International in a report on Wednesday, January 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.95.

Restaurant Brands International Stock Up 0.5%

Shares of QSR stock traded up $0.32 during mid-day trading on Tuesday, hitting $67.30. The stock had a trading volume of 636,077 shares, compared to its average volume of 2,643,790. The firm has a market capitalization of $23.31 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.43 and a beta of 0.58. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. Restaurant Brands International has a 12-month low of $58.71 and a 12-month high of $73.70. The firm’s 50-day moving average is $69.54 and its two-hundred day moving average is $67.45.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 10,913 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $773,404.31. Following the completion of the transaction, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at $751,859.83. This represents a 50.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 25,472 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.91, for a total value of $1,806,219.52. Following the completion of the transaction, the chief executive officer directly owned 961,282 shares in the company, valued at approximately $68,164,506.62. The trade was a 2.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 145,508 shares of company stock valued at $10,233,040. Corporate insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently made changes to their positions in the company. Intact Investment Management Inc. increased its position in shares of Restaurant Brands International by 10.6% in the third quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock worth $48,722,000 after acquiring an additional 72,800 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Restaurant Brands International by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator’s stock valued at $5,355,000 after acquiring an additional 7,988 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at $1,090,000. Baupost Group LLC MA increased its holdings in Restaurant Brands International by 4.2% in the second quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock valued at $268,445,000 after purchasing an additional 163,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Restaurant Brands International by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock worth $32,213,000 after buying an additional 30,741 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.