Stifel Nicolaus Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by Stifel Nicolaus from $77.00 to $72.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other analysts have also recently commented on the stock. Oppenheimer lowered their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Piper Sandler cut their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Royal Bank of Canada lowered their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup lifted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.37.

Restaurant Brands International Trading Down 1.4 %

Shares of NYSE QSR opened at $67.52 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a one year low of $65.87 and a one year high of $83.29. The business has a 50-day moving average price of $70.13 and a two-hundred day moving average price of $70.24. The firm has a market capitalization of $21.86 billion, a PE ratio of 16.92, a PEG ratio of 2.19 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Hedge funds have recently modified their holdings of the company. Capital World Investors increased its position in shares of Restaurant Brands International by 1.1% during the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock valued at $3,393,264,000 after purchasing an additional 466,929 shares during the period. Vanguard Group Inc. boosted its stake in Restaurant Brands International by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after buying an additional 141,468 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after buying an additional 536,124 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Restaurant Brands International by 15.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after buying an additional 773,783 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Restaurant Brands International by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after acquiring an additional 518,795 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.