Restaurant Brands International (NYSE:QSR) Price Target Cut to $68.00 by Analysts at Stifel Nicolaus

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target decreased by Stifel Nicolaus from $72.00 to $68.00 in a report published on Friday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently issued reports on QSR. CIBC reduced their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. KeyCorp reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Bank of America lifted their price target 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. Argus decreased 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. Finally, TD Cowen lowered their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.46.

Restaurant Brands International Stock Down 2.6 %

NYSE:QSR opened at $60.94 on Friday. 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’s 50 day moving average price is $67.53 and its two-hundred day moving average price is $69.45. Restaurant Brands International has a twelve month low of $60.87 and a twelve month high of $83.29. The firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. Restaurant Brands International’s payout ratio is currently 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 dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s 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 transaction, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % 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. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International in the third quarter valued at about $61,000. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC lifted its stake in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 265 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.