Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.
Several other equities analysts have also recently weighed in on QSR. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday, June 26th. Citigroup lifted their price objective on Restaurant Brands International from $67.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $70.00 price objective (up from $61.00) on shares of Restaurant Brands International in a report on Wednesday, July 25th. Cowen raised Restaurant Brands International from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $64.00 to $74.00 in a report on Tuesday, July 17th. Finally, KeyCorp assumed coverage on Restaurant Brands International in a report on Wednesday, October 3rd. They issued an “overweight” rating and a $68.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Restaurant Brands International currently has an average rating of “Buy” and a consensus price target of $71.06.
Shares of NYSE QSR opened at $57.74 on Friday. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.58 and a beta of 1.40. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 2.84. Restaurant Brands International has a fifty-two week low of $53.09 and a fifty-two week high of $68.89.
Several institutional investors and hedge funds have recently modified their holdings of QSR. Lenox Wealth Advisors LLC bought a new stake in Restaurant Brands International during the 2nd quarter worth $103,000. Daiwa Securities Group Inc. bought a new stake in Restaurant Brands International during the 2nd quarter worth $133,000. SG Americas Securities LLC bought a new stake in Restaurant Brands International during the 2nd quarter worth $162,000. Northwestern Mutual Wealth Management Co. grew its position in Restaurant Brands International by 56.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock worth $225,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Worth Venture Partners LLC bought a new stake in Restaurant Brands International during the 1st quarter worth $236,000. Institutional investors own 79.32% of the company’s stock.
About Restaurant Brands International
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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