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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target cut by KeyCorp from $80.00 to $78.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Several other research firms have also commented on QSR. Wells Fargo & Company decreased their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. TD Cowen reaffirmed a “buy” rating and issued a $82.00 price target on shares of Restaurant Brands International in a report on Thursday, September 12th. Royal Bank of Canada lifted their price target on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Morgan Stanley reduced their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.56.

Restaurant Brands International Price Performance

QSR opened at $68.00 on Wednesday. The company has a 50-day moving average of $70.19 and a 200-day moving average of $70.49. The company has a market capitalization of $22.01 billion, a P/E ratio of 17.04, a PEG ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a 1-year low of $65.87 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate 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. Equities analysts expect that Restaurant Brands International will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.41%. Restaurant Brands International’s payout ratio is currently 58.15%.

Insider Buying and Selling

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % 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 Investors Weigh In On Restaurant Brands International

A number of large investors have recently made changes to their positions in the company. Bleakley Financial Group LLC raised its holdings in shares of Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after acquiring an additional 154 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Restaurant Brands International by 4.0% during the second quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 160 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% during 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. Arvest Investments Inc. raised its holdings in shares of Restaurant Brands International by 1.1% during the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 197 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 valued at $89,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.