Restaurant Brands International (NYSE:QSR) Reaches New 12-Month Low – Here’s Why

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week low on Tuesday . The stock traded as low as $60.38 and last traded at $60.88, with a volume of 2009580 shares trading hands. The stock had previously closed at $60.88.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QSR. Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. TD Cowen reduced their price objective on 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. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Citigroup upped their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI lowered 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 research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.46.

Restaurant Brands International Trading Down 0.7 %

The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business has a fifty day simple moving average of $67.20 and a 200 day simple moving average of $69.32. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.27 and a beta of 0.94.

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction 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 $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake in Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 160 shares during the period. D.A. Davidson & CO. raised its position in shares of Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the period. Farther Finance Advisors LLC boosted 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 acquiring an additional 185 shares during the last quarter. Arvest Investments Inc. grew its position 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 acquiring an additional 197 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Restaurant Brands International by 4.9% during the fourth 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 during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.