Stifel Nicolaus Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

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

Several other equities research analysts have also weighed in on the company. Oppenheimer dropped their price target on 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 dropped their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. TD Cowen dropped their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. CIBC dropped their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $82.37.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $67.52 on Thursday. The firm has a market cap of $21.86 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.19 and a beta of 0.94. Restaurant Brands International has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The business’s 50 day moving average price is $70.13 and its 200-day moving average price is $70.22. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

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

Institutional Trading of Restaurant Brands International

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in Restaurant Brands International by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after buying an additional 7,196 shares in the last quarter. Cetera Investment Advisers increased its position in Restaurant Brands International by 63.7% in the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after buying an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in Restaurant Brands International in the second quarter worth about $666,000. Dimensional Fund Advisors LP increased its position in Restaurant Brands International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after buying an additional 10,855 shares in the last quarter. Finally, Seven Eight Capital LP increased its position in Restaurant Brands International by 646.3% in the first quarter. Seven Eight Capital LP now owns 23,627 shares of the restaurant operator’s stock worth $1,877,000 after buying an additional 20,461 shares in the last quarter. Hedge funds and other 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.