Royal Bank Of Canada Cuts Restaurant Brands International (NYSE:QSR) Price Target to $85.00

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

Several other research firms also recently issued reports on QSR. Wells Fargo & Company increased their target price on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. KeyCorp increased their price objective on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. TD Cowen upped their price target on Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Oppenheimer upped their price target on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Fifteen research 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. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $83.33.

Restaurant Brands International Stock Performance

NYSE:QSR traded up $1.00 on Tuesday, reaching $74.25. 1,119,880 shares of the company’s stock were exchanged, compared to its average volume of 3,408,387. The firm has a market cap 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 current ratio of 0.99 and a quick ratio of 0.90. The stock has a fifty day simple moving average of $75.34 and a 200-day simple moving average of $72.74. Restaurant Brands International has a 52 week low of $61.33 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side analysts predict that Restaurant Brands International will post 4.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after buying an additional 346 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Restaurant Brands International in the 1st quarter worth $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Restaurant Brands International in the 4th quarter worth $29,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other 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.