Restaurant Brands International’s (QSR) “Hold” Rating Reiterated at TD Cowen

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reissued by equities researchers at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $78.00 price target on the restaurant operator’s stock. TD Cowen‘s price objective indicates a potential upside of 4.85% from the company’s previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. CL King set a $80.00 target price on shares of Restaurant Brands International in a research note on Monday, August 10th. Royal Bank Of Canada decreased their target price on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Scotiabank lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Finally, Jefferies Financial Group dropped their price target on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.52.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $74.39 on Thursday. The company has a market cap of $25.94 billion, a P/E ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.52. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International has a one year low of $64.52 and a one year high of $81.96. The business’s 50-day simple moving average is $74.85 and its 200 day simple moving average is $73.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 29th. The restaurant operator reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. Restaurant Brands International’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. On average, sell-side analysts forecast that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares in the company, valued at $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 is available through this link. 1.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently modified their holdings of QSR. EdgePoint Investment Group Inc. lifted its position in shares of Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after purchasing an additional 2,703,134 shares during the last quarter. Bank of America Corp DE grew its stake in Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock worth $364,524,000 after purchasing an additional 2,910,454 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Restaurant Brands International by 4.4% in the third quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator’s stock valued at $180,116,000 after buying an additional 109,723 shares during the last quarter. London Co. of Virginia bought a new stake in Restaurant Brands International in the first quarter valued at about $147,967,000. Finally, Cullen Capital Management LLC bought a new stake in Restaurant Brands International in the second quarter valued at about $128,350,000. 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 that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.