Longbow Research Reiterates Hold Rating for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International (NYSE:QSR) (TSE:QSR)‘s stock had its “hold” rating reaffirmed by investment analysts at Longbow Research in a research note issued to investors on Thursday, Stock Target Advisor reports.

Other equities analysts also recently issued research reports about the company. KeyCorp dropped their price objective on Restaurant Brands International from $85.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Deutsche Bank reiterated a “hold” rating and issued a $73.00 target price on shares of Restaurant Brands International in a research note on Wednesday, October 23rd. Cowen decreased their target price on shares of Restaurant Brands International from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Piper Jaffray Companies restated a “market perform” rating and set a $90.00 price target (up previously from $80.00) on shares of Restaurant Brands International in a research note on Thursday, September 5th. Finally, ValuEngine lowered shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $77.63.

QSR opened at $65.86 on Thursday. The stock has a fifty day moving average price of $66.44 and a 200 day moving average price of $70.49. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 3.18. Restaurant Brands International has a 1 year low of $50.20 and a 1 year high of $79.46. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.63 and a beta of 1.18.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Monday, October 28th. The restaurant operator reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 11.64%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. As a group, sell-side analysts forecast that Restaurant Brands International will post 2.69 earnings per share for the current fiscal year.

In other news, insider Alexandre Macedo sold 166,834 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $64.45, for a total value of $10,752,451.30. Following the completion of the sale, the insider now directly owns 38,525 shares of the company’s stock, valued at approximately $2,482,936.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.13% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Coastal Capital Group Inc. bought a new position in shares of Restaurant Brands International during the second quarter worth $28,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at $30,000. Parallel Advisors LLC increased its position in shares of Restaurant Brands International by 279.5% in the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 313 shares in the last quarter. Coastal Investment Advisors Inc. bought a new stake in shares of Restaurant Brands International in the 2nd quarter valued at $31,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Restaurant Brands International during the 2nd quarter worth $36,000. 77.55% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

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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