Argus Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price reduced by Argus from $85.00 to $80.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other brokerages have also commented on QSR. Oppenheimer decreased their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. TD Cowen reduced their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley reduced their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Piper Sandler dropped their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.56.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.61 during trading on Thursday, reaching $68.00. The company’s stock had a trading volume of 1,387,115 shares, compared to its average volume of 1,583,239. The stock has a 50-day moving average price of $70.19 and a two-hundred day moving average price of $70.49. The stock has a market capitalization of $22.01 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. Restaurant Brands International has a one year low of $65.87 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. As a group, sell-side analysts anticipate that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.41%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Activity

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the company’s 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 completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently made changes to their positions in QSR. D1 Capital Partners L.P. bought a new position in Restaurant Brands International during the 2nd quarter worth $200,097,000. TD Asset Management Inc increased its position in Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after acquiring an additional 1,409,552 shares during the period. Canada Pension Plan Investment Board increased its position in Restaurant Brands International by 72.9% during the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock worth $211,059,000 after acquiring an additional 1,119,582 shares during the period. 1832 Asset Management L.P. boosted its holdings in Restaurant Brands International by 15.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after purchasing an additional 773,783 shares during the period. Finally, EdgePoint Investment Group Inc. grew its position in shares of Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after purchasing an additional 536,124 shares in the last quarter. 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.