Restaurant Brands International (NYSE:QSR) Rating Reiterated by Longbow Research

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Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “buy” rating restated by research analysts at Longbow Research in a research report issued on Friday, TipRanks reports.

A number of other research firms have also weighed in on QSR. Stifel Nicolaus began coverage on shares of Restaurant Brands International in a research report on Thursday, December 12th. They set a “hold” rating and a $68.00 price target on the stock. SunTrust Banks lowered their price target on shares of Restaurant Brands International from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Bank of America lowered shares of Restaurant Brands International from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Restaurant Brands International in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.80.

QSR opened at $67.24 on Friday. The firm has a market capitalization of $19.60 billion, a PE ratio of 28.37, a PEG ratio of 1.99 and a beta of 1.19. Restaurant Brands International has a twelve month low of $60.58 and a twelve month high of $79.46. The firm’s 50-day moving average price is $63.64 and its 200 day moving average price is $68.69. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 3.18.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Restaurant Brands International had a net margin of 11.48% and a return on equity of 32.40%. Restaurant Brands International’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, analysts predict that Restaurant Brands International will post 2.98 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $30,000. Parallel Advisors LLC increased its stake in Restaurant Brands International by 279.5% during the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the restaurant operator’s stock worth $30,000 after buying an additional 313 shares during the period. Rockefeller Capital Management L.P. increased its stake in Restaurant Brands International by 2,494.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 441 shares of the restaurant operator’s stock worth $28,000 after buying an additional 424 shares during the period. NEXT Financial Group Inc increased its stake in Restaurant Brands International by 144.4% during the 4th quarter. NEXT Financial Group Inc now owns 594 shares of the restaurant operator’s stock worth $38,000 after buying an additional 351 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Restaurant Brands International by 185.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock worth $55,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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