Wells Fargo Keeps Their Hold Rating on Restaurant Brands International (QSR)

In a report released today, Zachary Fadem from Wells Fargo maintained a Hold rating on Restaurant Brands International (QSR – Research Report), with a price target of $80.00. The company’s shares closed yesterday at $73.30.

According to TipRanks, Fadem is a 5-star analyst with an average return of 14.0% and a 64.19% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Lowe’s, and O’Reilly Auto.

Restaurant Brands International has an analyst consensus of Moderate Buy, with a price target consensus of $85.00, implying a 15.96% upside from current levels. In a report released on April 16, Citi also maintained a Hold rating on the stock with a $78.00 price target.

The company has a one-year high of $82.69 and a one-year low of $60.89. Currently, Restaurant Brands International has an average volume of 1.51M.

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, Jeffrey Housman, the Chief People & Services Officer of QSR sold 44,086.00 shares for a total of $3,329,497.30.

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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.