Stifel Nicolaus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $68.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by Stifel Nicolaus from $72.00 to $68.00 in a research note published on Friday, MarketBeat reports. They currently have a hold rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the company. Oppenheimer lowered their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday. KeyCorp lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Evercore ISI cut their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.46.

Restaurant Brands International Price Performance

Shares of QSR opened at $60.94 on Friday. The company has a 50 day moving average of $67.53 and a two-hundred day moving average of $69.45. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a twelve month low of $60.87 and a twelve month high of $83.29. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.81%. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 over the last ninety days. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently modified their holdings of QSR. Farther Finance Advisors LLC increased its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth about $61,000. Blue Trust Inc. boosted its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 704 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 265 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.