Barclays analyst Jeff Bernstein maintained a Buy rating on Restaurant Brands International (QSR) on October 19 and set a price target of $71.00. The company’s shares closed last Tuesday at $56.69.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 7.7% and a 68.5% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Dine Brands Global, and Cheesecake Factory.
Currently, the analyst consensus on Restaurant Brands International is a Moderate Buy with an average price target of $66.50, which is a 17.3% upside from current levels. In a report issued on October 14, Morgan Stanley 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 June 30, the company reported a quarterly revenue of $1.05 billion and net profit of $106 million. In comparison, last year the company earned revenue of $1.4 billion and had a net profit of $142 million.
Based on the recent corporate insider activity of 65 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.
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