KeyCorp Cuts Restaurant Brands International (NYSE:QSR) Price Target to $78.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective dropped by equities researchers at KeyCorp from $80.00 to $78.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target suggests a potential upside of 14.45% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Bank of America increased their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Citigroup lifted their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Truist Financial dropped their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.08.

Restaurant Brands International Trading Down 2.7 %

Shares of NYSE QSR opened at $68.15 on Wednesday. The firm’s 50 day moving average price is $70.24 and its 200-day moving average price is $70.55. The company has a market cap of $22.06 billion, a PE ratio of 17.08, a P/E/G ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a 52-week low of $65.75 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. On average, equities research analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QSR. Farther Finance Advisors LLC grew its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Restaurant Brands International during the 1st quarter worth approximately $48,000. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International during the 3rd quarter worth approximately $61,000. BNP Paribas Financial Markets boosted its holdings in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at $94,000. Institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.