Jefferies Financial Group Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Jefferies Financial Group from $73.00 to $67.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other equities research analysts have also weighed in on QSR. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada reduced 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. TD Cowen dropped 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 report on Wednesday, November 6th. Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup upped 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $62.47 on Thursday. The business’s 50 day moving average is $65.63 and its 200-day moving average is $68.64. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $20.27 billion, a PE ratio of 15.66, a PEG ratio of 2.04 and a beta of 0.94. Restaurant Brands International has a 1-year low of $59.85 and a 1-year high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued 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 3.71%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last quarter. 1.36% of the stock is currently owned by insiders.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Creative Planning raised its position in shares of Restaurant Brands International by 1.2% in the second quarter. Creative Planning now owns 62,040 shares of the restaurant operator’s stock valued at $4,366,000 after buying an additional 759 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Restaurant Brands International by 37.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,637 shares of the restaurant operator’s stock valued at $3,704,000 after acquiring an additional 14,296 shares during the period. SG Americas Securities LLC grew 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 worth $222,000 after purchasing an additional 631 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake 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 purchasing an additional 23,890 shares in the last quarter. 82.29% of the stock is currently owned by 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.