Shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) have been given a consensus recommendation of “Buy” by the twenty ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $70.47.

Several research firms recently weighed in on QSR. Citigroup lifted their target price on shares of Restaurant Brands International from $71.00 to $78.00 and gave the company a “buy” rating in a report on Monday, November 6th. Nomura lifted their target price on shares of Restaurant Brands International from $75.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. UBS Group set a $74.00 target price on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, OTR Global upgraded shares of Restaurant Brands International to a “positive” rating in a research note on Monday, October 16th.

Restaurant Brands International (NYSE:QSR) traded up $0.08 during trading on Tuesday, reaching $56.51. 3,501,386 shares of the company traded hands, compared to its average volume of 1,632,219. Restaurant Brands International has a 12-month low of $51.05 and a 12-month high of $68.89. The company has a debt-to-equity ratio of 2.70, a current ratio of 3.45 and a quick ratio of 3.38. The firm has a market cap of $13,422.99, a P/E ratio of 38.97, a PEG ratio of 1.27 and a beta of 1.52.

In related news, EVP Jose E. Cil sold 38,480 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $65.00, for a total transaction of $2,501,200.00. Following the completion of the transaction, the executive vice president now owns 350,613 shares in the company, valued at $22,789,845. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marc Caira sold 49,804 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $65.62, for a total transaction of $3,268,138.48. Following the transaction, the director now owns 124,643 shares of the company’s stock, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,435 shares of company stock valued at $12,219,111. Insiders own 3.05% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of Restaurant Brands International by 0.4% during the second quarter. Northern Trust Corp now owns 221,729 shares of the restaurant operator’s stock worth $13,867,000 after purchasing an additional 777 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Restaurant Brands International by 11.1% during the second quarter. Voya Investment Management LLC now owns 8,474 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 848 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Restaurant Brands International by 3.8% during the fourth quarter. Suntrust Banks Inc. now owns 24,646 shares of the restaurant operator’s stock worth $1,513,000 after purchasing an additional 902 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Restaurant Brands International by 28.6% during the second quarter. PNC Financial Services Group Inc. now owns 4,150 shares of the restaurant operator’s stock worth $260,000 after purchasing an additional 922 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its stake in shares of Restaurant Brands International by 1.6% during the third quarter. AMP Capital Investors Ltd now owns 84,699 shares of the restaurant operator’s stock worth $5,398,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://theolympiareport.com/2018/02/11/brokerages-set-restaurant-brands-international-inc-qsr-target-price-at-70-47.html.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.