In a report issued on July 18, Christopher Carril from RBC Capital maintained a Buy rating on Restaurant Brands International (QSR – Research Report), with a price target of $68.00. The company’s shares closed last Wednesday at $53.17.
According to TipRanks.com, Carril is a 4-star analyst with an average return of 7.2% and a 53.1% success rate. Carril covers the Services sector, focusing on stocks such as Life Time Group Holdings, Brinker International, and Texas Roadhouse.
Currently, the analyst consensus on Restaurant Brands International is a Moderate Buy with an average price target of $60.58, implying a 13.0% upside from current levels. In a report issued on July 11, Deutsche Bank also reiterated a Buy rating on the stock with a $64.00 price target.
Based on Restaurant Brands International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.45 billion and net profit of $183 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $179 million.
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.
Read More on QSR:
- New Relic (NEWR) Gets a Hold Rating from RBC Capital
- RBC Capital Keeps Their Buy Rating on HubSpot (HUBS)
- RBC Capital Thinks Citizens Financial’s Stock is Going to Recover
- RBC Capital Maintains Their Buy Rating on Synchrony Financial (SYF)
- RBC Capital Sticks to Its Hold Rating for Atlantica Yield (AY)