Restaurant Brands International (QSR) Gets a Buy Rating from Evercore ISI

Evercore ISI analyst David Palmer maintained a Buy rating on Restaurant Brands International (QSRResearch Report) yesterday and set a price target of $75.00. The company’s shares closed last Wednesday at $54.31, close to its 52-week low of $53.47.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.1% and a 61.6% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, BellRing Brands, and Conagra Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Restaurant Brands International with a $62.84 average price target, representing a 15.3% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $68.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Restaurant Brands International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $308 million and GAAP net loss of $1.76 million. In comparison, last year the company earned revenue of $286 million and had a GAAP net loss of $13.87 million.

Based on the recent corporate insider activity of 162 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.

Read More on QSR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More