Oppenheimer Holdings Weighs in on Restaurant Brands International Inc’s FY2018 Earnings (QSR)

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) – Oppenheimer Holdings lifted their FY2018 earnings per share (EPS) estimates for shares of Restaurant Brands International in a report issued on Wednesday. Oppenheimer Holdings analyst B. Bittner now expects that the company will post earnings per share of $3.62 for the year, up from their previous estimate of $3.10.

Several other brokerages have also recently commented on QSR. BMO Capital Markets raised their price target on shares of Restaurant Brands International from C$57.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) raised their price target on shares of Restaurant Brands International from C$71.00 to C$77.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Scotiabank raised their price target on shares of Restaurant Brands International from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Restaurant Brands International to C$83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$77.75.

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Restaurant Brands International (QSR) opened at 80.46 on Friday. Restaurant Brands International has a 52 week low of $51.45 and a 52 week high of $84.19. The company has a 50-day moving average of $80.21 and a 200-day moving average of $72.12. The company has a market cap of $18.96 billion and a P/E ratio of 55.76.

In other news, insider José E. Cil sold 589 shares of Restaurant Brands International stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of C$58.00, for a total transaction of C$34,162.00. Also, insider José E. Cil sold 1,760 shares of Restaurant Brands International stock in a transaction on Thursday, June 8th. The stock was sold at an average price of C$59.75, for a total transaction of C$105,160.00. Over the last ninety days, insiders have sold 2,449 shares of company stock valued at $145,149.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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