Restaurant Brands International (NYSE:QSR) PT Set at $85.00 by Royal Bank Of Canada

Restaurant Brands International (NYSE:QSR) (TSE:QSR) has been assigned a $85.00 price target by stock analysts at Royal Bank Of Canada in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 13.50% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on QSR. Scotiabank boosted their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Wells Fargo & Company raised their target price on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. UBS Group raised their target price on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Barclays boosted their price target on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.86.

Restaurant Brands International Trading Up 0.6%

Shares of NYSE:QSR traded up $0.48 during trading on Tuesday, reaching $74.89. 1,416,348 shares of the company traded hands, compared to its average volume of 3,324,226. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.11 and a beta of 0.50. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The business’s fifty day moving average is $73.98 and its 200-day moving average is $73.33.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that Restaurant Brands International will post 4.04 EPS for the current year.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Capital World Investors increased its holdings in shares of Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Restaurant Brands International by 16.2% during the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after acquiring an additional 2,703,134 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after acquiring an additional 344,066 shares during the last quarter. Morgan Stanley lifted its position in Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after purchasing an additional 1,641,870 shares during the period. Finally, Baupost Group LLC MA lifted its position in Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.