Restaurant Brands International (TSE: QSR) (NYSE: QSR)The action saw its “outperformance” rating reiterated by investment analysts at the Royal Bank of Canada in a report released Thursday, reports Stock Target Advisor. They currently have a target price of C $ 88.00 per share. The Royal Bank of Canada’s price target would point to a potential rise of 25.21% from the company’s previous close.
A number of other brokerages have also recently published reports on ISR. Oppenheimer raised Restaurant Brands International to a âbuyâ rating and set a price target of C $ 80.00 on the stock in a research report on Thursday, August 26. Guggenheim reissued a “neutral” rating and issued a target price of C $ 81.64 on Restaurant Brands International shares in a research report on Tuesday, July 27. CIBC reissued a “outperformance” rating and issued a target price of C $ 97.00 for Restaurant Brands International shares in a research report on Tuesday, July 27. Loop Capital began covering Restaurant Brands International in a research report on Tuesday, October 5. They issued a âholdâ rating and a target price of C $ 65 on the stock. Finally, Cowen reaffirmed a âholdâ rating and posted a C $ 71.00 price target for Restaurant Brands International shares in a report released Monday. Six equity research analysts rated the stock with a conservation rating and six issued a buy rating for the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C $ 79.88.
Restaurant Brands International stock traded up C $ 0.36 at midday Thursday, to C $ 70.28. 292,297 shares of the company were traded, for an average volume of 664,282. The company has a fifty-day moving average of C $ 79.83 and a 200-day moving average of C $ 81.33. The company has a debt to equity ratio of 336.49, a rapid ratio of 1.39 and a current ratio of 1.53. The company has a market capitalization of 22.14 billion Canadian dollars and a P / E ratio of 25.94. Restaurant Brands International has a 12-month low of CA $ 67.77 and a 12-month high of CA $ 87.32.
Restaurant Brands International (TSE: QSR) (NYSE: QSR) last released its quarterly results on Friday, July 30. The company reported earnings per share (EPS) of C $ 0.94 for the quarter, beating analyst consensus estimates of C $ 0.77 by C $ 0.17. The company reported sales of C $ 1.77 billion for the quarter, compared to analysts’ estimates of C $ 1.70 billion. Sell-side analysts predict Restaurant Brands International will post 4,040,000 EPS for the current year.
Separately, senior officer Joshua Kobza sold 55,000 shares of the company in a transaction dated Thursday, August 26. The shares were sold for an average price of C $ 85.69, for a total value of C $ 4,713,192.00. As a result of the transaction, the insider now directly owns 314,096 shares of the company, valued at approximately C $ 26,916,268.26.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK) and Popeyes (PLK) brands. The company operates through three segments: TH, BK and PLK. Its restaurants offer blends of coffee, tea, hot and cold espresso-based specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, burgers, chicken sandwiches and other specialties, fries, soft drinks, chicken, chicken fillets, fried shrimp and other seafood, red beans and rice, and other food products.
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