Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase – Should You Buy?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares saw unusually-high trading volume on Thursday . Approximately 6,127,684 shares traded hands during trading, an increase of 186% from the previous session’s volume of 2,144,032 shares.The stock last traded at $61.27 and had previously closed at $60.54.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $74.00 to $71.00 in a report on Friday. Citigroup boosted their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Royal Bank of Canada cut their target price on shares of 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 decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, CIBC reduced their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.96.

Restaurant Brands International Stock Performance

The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 2.04 and a beta of 0.94. The company has a 50-day moving average price of $66.06 and a 200-day moving average price of $68.83. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid 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 dividend yield of 3.74%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % 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 in the last quarter. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 179 shares in the last quarter. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Arvest Investments Inc. raised its holdings in Restaurant Brands International by 1.1% during the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 197 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Restaurant Brands International by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after acquiring an additional 210 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.