Truist Financial analyst Jake Bartlett reiterated a Buy rating on Restaurant Brands International (QSR – Research Report) today and set a price target of $90.00. The company’s shares closed yesterday at $75.85.
Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Cracker Barrel, and Denny’s. According to TipRanks, Bartlett has an average return of 19.5% and a 64.72% success rate on recommended stocks.
In addition to Truist Financial, Restaurant Brands International also received a Buy from KeyBanc’s Eric Gonzalez in a report issued today. However, on the same day, Robert W. Baird maintained a Hold rating on Restaurant Brands International (NYSE: QSR).
Based on Restaurant Brands International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $744 million and a net profit of $241 million. In comparison, last year the company earned a revenue of $708 million and had a net profit of $236 million
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QSR in relation to earlier this year. Most recently, in February 2024, Duncan Fulton, the Chief Corporate Officer of QSR sold 64,344.00 shares for a total of $4,894,890.80.
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Restaurant Brands International (QSR) Company Description:
Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant. The Popeyes segment handles chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014 and is headquartered in Toronto, Canada.
