Oppenheimer Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lowered by investment analysts at Oppenheimer from $86.00 to $77.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective points to a potential upside of 23.12% from the company’s current price.

A number of other equities analysts have also issued reports on QSR. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Argus dropped their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Citigroup upped their price target on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, CIBC lowered their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $81.62.

Restaurant Brands International Stock Down 1.0 %

Shares of NYSE QSR opened at $62.54 on Tuesday. Restaurant Brands International has a 12-month low of $62.19 and a 12-month high of $83.29. The firm’s 50-day simple moving average is $67.85 and its 200 day simple moving average is $69.56. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Insider Buying and Selling

In other news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,510 shares of company stock valued at $7,774,020. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Plato Investment Management Ltd bought a new position in Restaurant Brands International in the third quarter valued at approximately $61,000. Blue Trust Inc. increased its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 265 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Company Profile

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.