Restaurant Brands International (NYSE:QSR) Price Target Cut to $72.00 by Analysts at Stifel Nicolaus

by · The Cerbat Gem

Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) had its price objective lowered by Stifel Nicolaus from $77.00 to $72.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

QSR has been the subject of a number of other reports. Truist Financial decreased their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. TD Cowen decreased their target price on 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. Argus cut their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Citigroup upped their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.37.

Read Our Latest Report on Restaurant Brands International

Restaurant Brands International Trading Down 1.6 %

NYSE:QSR traded down $1.08 during mid-day trading on Thursday, hitting $67.39. 833,391 shares of the stock traded hands, compared to its average volume of 1,582,596. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.20 and a beta of 0.94. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The firm’s 50 day moving average is $70.13 and its two-hundred day moving average is $70.32.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend 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

In other news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This represents a 26.97 % 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 the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of 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 period. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $48,000. Plato Investment Management Ltd purchased a new position in Restaurant Brands International in the 3rd quarter valued at approximately $61,000. BNP Paribas Financial Markets raised its holdings in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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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.

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