Deutsche Bank analyst Brian Mullan reiterated a Buy rating on Restaurant Brands International (QSR) on April 30 and set a price target of $79.00. The company’s shares closed last Friday at $68.61, close to its 52-week high of $70.23.
According to TipRanks.com, Mullan is a 4-star analyst with an average return of 20.5% and a 69.2% success rate. Mullan covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Papa John’s International, and Brinker International.
Restaurant Brands International has an analyst consensus of Moderate Buy, with a price target consensus of $70.29, a 3.4% upside from current levels. In a report issued on April 16, RBC Capital also maintained a Buy rating on the stock with a $68.00 price target.
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Based on Restaurant Brands International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.36 billion and net profit of $91 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $165 million.
Based on the recent corporate insider activity of 137 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.