TD Cowen Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target dropped by investment analysts at TD Cowen from $80.00 to $78.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target suggests a potential upside of 10.38% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Morgan Stanley lifted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft cut their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada set a $85.00 target price on Restaurant Brands International and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Robert W. Baird increased their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Sixteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.62.

Restaurant Brands International Stock Up 1.8%

Shares of QSR opened at $70.67 on Wednesday. The stock’s 50-day moving average price is $75.20 and its two-hundred day moving average price is $75.32. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. Restaurant Brands International has a 12 month low of $64.52 and a 12 month high of $81.96. The company has a market capitalization of $24.65 billion, a PE ratio of 19.00, a PEG ratio of 1.88 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. On average, analysts anticipate that Restaurant Brands International will post 4.16 EPS for the current year.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSR. GAMMA Investing LLC increased its stake in shares of Restaurant Brands International by 41.7% in the third quarter. GAMMA Investing LLC now owns 3,958 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 1,165 shares in the last quarter. Dorato Capital Management lifted its stake in shares of Restaurant Brands International by 11.0% during the 3rd quarter. Dorato Capital Management now owns 14,919 shares of the restaurant operator’s stock valued at $1,036,000 after buying an additional 1,483 shares in the last quarter. CX Institutional lifted its stake in shares of Restaurant Brands International by 313.1% during the 3rd quarter. CX Institutional now owns 946 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 717 shares in the last quarter. Andra AP fonden boosted its holdings in Restaurant Brands International by 5,141.7% in the 2nd quarter. Andra AP fonden now owns 62,900 shares of the restaurant operator’s stock worth $4,561,000 after buying an additional 61,700 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in Restaurant Brands International by 150.7% in the 2nd quarter. Engineers Gate Manager LP now owns 36,429 shares of the restaurant operator’s stock worth $2,641,000 after buying an additional 21,897 shares during the period. 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 well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.