Mizuho Initiates Coverage on Restaurant Brands International (NYSE:QSR)

Research analysts at Mizuho began coverage on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a note issued to investors on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $85.00 price target on the restaurant operator’s stock. Mizuho’s target price suggests a potential upside of 14.20% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Seaport Research Partners started coverage on Restaurant Brands International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $88.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. JPMorgan Chase & Co. cut their target price on shares of Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Guggenheim upped their price target on shares of Restaurant Brands International from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Finally, Evercore reiterated an “outperform” rating and issued a $88.00 price target on shares of Restaurant Brands International in a research report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus target price of $83.56.

Restaurant Brands International Stock Down 0.5%

Restaurant Brands International stock opened at $74.43 on Tuesday. The company has a market capitalization of $25.96 billion, a P/E ratio of 19.08, a PEG ratio of 2.01 and a beta of 0.52. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. Restaurant Brands International has a fifty-two week low of $64.52 and a fifty-two week high of $81.96. The stock has a 50-day simple moving average of $75.09 and a 200-day simple moving average of $75.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Equities research analysts expect that Restaurant Brands International will post 4.19 earnings per share for the current year.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Restaurant Brands International by 143.9% in the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after purchasing an additional 2,910,454 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Restaurant Brands International by 16.2% during the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after purchasing an additional 2,703,134 shares during the period. London Co. of Virginia acquired a new stake in shares of Restaurant Brands International during the first quarter worth $147,967,000. Cullen Capital Management LLC acquired a new stake in shares of Restaurant Brands International during the second quarter worth $128,350,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Restaurant Brands International during the second quarter worth $78,678,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.