Restaurant Brands International (QSR) Given New $65.00 Price Target at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price dropped by stock analysts at Citigroup from $72.00 to $65.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential upside of 23.08% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Scotiabank reissued a “buy” rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Thursday, August 2nd. Mizuho reissued a “buy” rating and issued a $67.00 price target on shares of Restaurant Brands International in a report on Friday, July 20th. UBS Group set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Thursday, September 20th. ValuEngine raised shares of Restaurant Brands International from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $70.00 price target (up previously from $61.00) on shares of Restaurant Brands International in a report on Wednesday, July 25th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.80.

Shares of Restaurant Brands International stock traded down $0.45 during midday trading on Tuesday, reaching $52.81. The company had a trading volume of 20,710 shares, compared to its average volume of 1,748,775. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.34 and a quick ratio of 1.27. The firm has a market cap of $13.91 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.60 and a beta of 1.40. Restaurant Brands International has a 1-year low of $52.84 and a 1-year high of $66.53.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. Restaurant Brands International had a net margin of 12.76% and a return on equity of 28.42%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. On average, sell-side analysts expect that Restaurant Brands International will post 2.62 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lenox Wealth Advisors LLC bought a new position in shares of Restaurant Brands International during the second quarter worth $103,000. Daiwa Securities Group Inc. bought a new position in shares of Restaurant Brands International during the second quarter worth $133,000. SG Americas Securities LLC bought a new position in shares of Restaurant Brands International during the second quarter worth $162,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Restaurant Brands International by 56.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock worth $225,000 after purchasing an additional 1,337 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Restaurant Brands International during the second quarter worth $265,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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