Evercore ISI analyst David Palmer maintained a Buy rating on Restaurant Brands International (QSR – Research 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.
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:
- Akamai (AKAM) Receives a Buy from Evercore ISI
- Dell Technologies (DELL) Gets a Buy Rating from Evercore ISI
- Vivint Smart Home (VVNT) Gets a Hold Rating from Evercore ISI
- Analysts’ Top Healthcare Picks: Vera Therapeutics (VERA), Glaukos (GKOS)
- Analysts Offer Insights on Utilities Companies: BP (BP) and Centerpoint Energy (CNP)