Evercore Reaffirms Outperform Rating for Restaurant Brands International (QSR)

Restaurant Brands International (TSE:QSR) (NYSE:QSR)‘s stock had its “outperform” rating reaffirmed by investment analysts at Evercore in a note issued to investors on Tuesday.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. CSFB upgraded shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and an average price target of C$81.25.

Restaurant Brands International (TSE QSR) traded down C$0.41 during mid-day trading on Tuesday, reaching C$77.69. 371,693 shares of the company traded hands, compared to its average volume of 391,977. Restaurant Brands International has a 1 year low of C$62.75 and a 1 year high of C$88.36.

In related news, insider José E. Cil sold 96,872 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$63.68, for a total value of C$6,168,808.96. Also, insider José E. Cil sold 23,732 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of C$64.00, for a total transaction of C$1,518,848.00. Insiders sold a total of 303,101 shares of company stock valued at $19,528,386 in the last three months.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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