RBC Capital Upgrades Restaurant Brands International Inc to Outperform

Brokerage firm RBC Capital Upgrades its rating on Restaurant Brands International Inc(NYSE:QSR). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Apr 11, 2016.

In a different note, Longbow Research said it Initiates Coverage on Restaurant Brands International Inc, according to a research note issued on Mar 18, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 17, 2016, Sterne Agee said it Maintains its rating on Restaurant Brands International Inc. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Restaurant Brands International Inc (QSR) made into the market gainers list on Fridays trading session with the shares advancing 2.46% or 0.96 points. Due to strong positive momentum, the stock ended at $40.04, which is also near the day’s high of $40.18. The stock began the session at $39.19 and the volume stood at 7,39,736 shares. The 52-week high of the shares is $44.6 and the 52 week low is $29.28. The company has a current market capitalization of $9,276 M and it has 23,16,67,970 shares in outstanding.

Restaurant Brands International Inc(QSR) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.35.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, Damme Alexandre Van (director) purchased 78,125 shares at $32.74 per share price.Also, On Dec 18, 2015, V Milroy Thomas (director) purchased 10,000 shares at $36.52 per share price.On Dec 16, 2015, Restaurant Brands Holdings 3g (10% owner) sold 1.754241E7 shares at $34.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.

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