Robert W. Baird Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by Robert W. Baird from $72.00 to $65.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price objective points to a potential upside of 2.19% from the company’s current price.

QSR has been the subject of a number of other reports. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. CIBC cut their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $76.63.

Restaurant Brands International Stock Down 6.2 %

QSR opened at $63.61 on Monday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $20.82 billion, a PE ratio of 20.00, a P/E/G ratio of 1.77 and a beta of 0.72. The stock’s fifty day moving average is $65.42 and its 200-day moving average is $67.11. Restaurant Brands International has a one year low of $59.67 and a one year high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, equities analysts predict that Restaurant Brands International will post 3.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Duncan Fulton sold 15,974 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 over the last 90 days. 1.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently made changes to their positions in the business. Bleakley Financial Group LLC increased its stake in Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after acquiring an additional 161 shares during the period. GeoWealth Management LLC increased its position in shares of Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 163 shares during the period. Waterfront Wealth Inc. raised its stake in shares of Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after purchasing an additional 180 shares in the last quarter. Capital Analysts LLC lifted its position in Restaurant Brands International by 24.3% in the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 186 shares during the period. Finally, Dunhill Financial LLC boosted its stake in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.