Barclays analyst Jeff Bernstein maintained a Buy rating on Restaurant Brands International (QSR – Research Report) today and set a price target of $87.00. The company’s shares closed yesterday at $73.84.
Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Domino’s Pizza, and McDonald’s. According to TipRanks, Bernstein has an average return of 7.7% and a 62.70% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Restaurant Brands International with a $85.06 average price target, implying a 15.20% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $81.00 price target.
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, 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.
Read More on QSR:
- Tim Horton’s (TSE:QSR) Pizza Play Sees Small Win
- Tim Horton’s (TSE:QSR) Reveals New Menu Item, Investors Approve
- Restaurant Brands price target lowered to $78 from $81 at Citi
- TD Cowen says Restaurant Brands leadership changes neutral to slightly positive
- Restaurant Brands Announces Executive Leadership Changes
