Scotiabank Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by investment analysts at Scotiabank from $83.00 to $81.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the restaurant operator’s stock. Scotiabank’s price objective suggests a potential upside of 9.47% from the stock’s previous close.

Several other research firms also recently weighed in on QSR. Deutsche Bank Aktiengesellschaft dropped their price target on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Morgan Stanley raised 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. KeyCorp upped their price objective on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Guggenheim raised their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Citigroup lowered their target price on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.74.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $73.99 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The firm has a 50-day moving average price of $73.75 and a two-hundred day moving average price of $73.66. Restaurant Brands International has a twelve month low of $61.33 and a twelve month high of $81.96. The company has a market capitalization of $25.84 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Restaurant Brands International will post 4.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $25,000. Larson Financial Group LLC lifted its position in Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 346 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Restaurant Brands International in the first quarter valued at approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Restaurant Brands International during the fourth quarter worth $29,000. Finally, CoreCap Advisors LLC increased its stake in 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 buying an additional 350 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.