Restaurant Brands International (NYSE:QSR) Sets New 1-Year Low – What’s Next?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $59.67 and last traded at $60.72, with a volume of 471622 shares traded. The stock had previously closed at $61.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen cut their price target 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. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Citigroup lowered their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a report on Thursday, January 30th. CIBC dropped their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lowered 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Restaurant Brands International Stock Performance

The stock has a market cap of $20.08 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. 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 firm’s 50 day moving average is $65.17 and its 200 day moving average is $68.36.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction dated 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 owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 in the last quarter. 1.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in shares of Restaurant Brands International by 25.8% during the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 631 shares in the last quarter. GAMMA Investing LLC grew its position in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares during the period. Artemis Investment Management LLP increased its holdings in Restaurant Brands International by 12.4% in the third quarter. Artemis Investment Management LLP now owns 216,627 shares of the restaurant operator’s stock valued at $15,623,000 after buying an additional 23,890 shares in the last quarter. Royal Fund Management LLC increased its holdings in Restaurant Brands International by 157.2% in the third quarter. Royal Fund Management LLC now owns 45,860 shares of the restaurant operator’s stock valued at $3,307,000 after buying an additional 28,030 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of Restaurant Brands International by 1.2% in the third quarter. Gateway Investment Advisers LLC now owns 89,777 shares of the restaurant operator’s stock worth $6,475,000 after acquiring an additional 1,090 shares during the period. 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.