Restaurant Brands International (NYSE:QSR) Upgraded to “Strong-Buy” at Seaport Research Partners

Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by Seaport Research Partners to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Evercore reissued an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Morgan Stanley increased their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Scotia cut their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Citigroup lifted their price objective on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $74.94 on Tuesday. The business’s 50-day moving average price is $76.27 and its two-hundred day moving average price is $75.53. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. Restaurant Brands International has a one year low of $62.85 and a one year high of $81.96. The company has a market capitalization of $26.14 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Analysts anticipate that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This trade represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QSR. Lloyd Advisory Services LLC. bought a new stake in Restaurant Brands International during the fourth quarter valued at about $25,000. Larson Financial Group LLC increased its stake in shares of Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the period. Groupe la Francaise bought a new position in shares of Restaurant Brands International in the second quarter worth about $27,000. Western Wealth Management LLC acquired a new position in shares of Restaurant Brands International during the 1st quarter worth about $28,000. Finally, CoreCap Advisors LLC lifted its position in shares of Restaurant Brands International by 304.3% during the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.