Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) shares were up 1.2% during trading on Monday . The company traded as high as $71.21 and last traded at $71.00. Approximately 373,962 shares traded hands during trading, a decline of 77% from the average daily volume of 1,597,969 shares. The stock had previously closed at $70.16.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Piper Sandler cut their target price on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. The Goldman Sachs Group started coverage on Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective on the stock. Morgan Stanley dropped their price objective on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Robert W. Baird upped their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Bank of America upped their price objective on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.46.
View Our Latest Report on Restaurant Brands International
Restaurant Brands International Stock Up 0.3 %
Institutional Trading of Restaurant Brands International
A number of institutional investors and hedge funds have recently bought and sold shares of QSR. Mather Group LLC. bought a new stake in shares of Restaurant Brands International in the 1st quarter worth about $25,000. Oakworth Capital Inc. bought a new position in Restaurant Brands International during the 4th quarter valued at about $30,000. Montag A & Associates Inc. bought a new position in Restaurant Brands International during the 4th quarter valued at about $30,000. Fifth Third Bancorp grew its holdings in Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 278 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Restaurant Brands International during the 1st quarter valued at about $48,000. 82.29% of the stock is currently owned by institutional investors.
About Restaurant Brands International
Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.
Featured Articles
- Five stocks we like better than Restaurant Brands International
- Bank Stocks – Best Bank Stocks to Invest In
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
- What is the FTSE 100 index?
- Why Warren Buffett Just Sold Half His Stake in Apple Stock
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.