Scotiabank Reaffirms Their Hold Rating on Restaurant Brands International (QSR)

Scotiabank analyst John Zamparo maintained a Hold rating on Restaurant Brands International today and set a price target of $71.00.

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According to TipRanks, Zamparo is a 3-star analyst with an average return of 2.1% and a 45.67% success rate. Zamparo covers the Consumer Defensive sector, focusing on stocks such as Saputo Inc., Dollarama, and Premium Brands.

In addition to Scotiabank, Restaurant Brands International also received a Hold from TD Cowen’s Andrew Charles in a report issued today. However, on the same day, KeyBanc maintained a Buy rating on Restaurant Brands International (NYSE: QSR).

Based on Restaurant Brands International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.45 billion and a net profit of $315 million. In comparison, last year the company earned a revenue of $2.29 billion and had a net profit of $252 million

Based on the recent corporate insider activity of 79 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. Last month, THOMAS BENJAMIN CURTIS, the Pres., BK US & CA of QSR sold 1,171.00 shares for a total of $78,972.24.