Restaurant Brands International (NYSE:QSR) Hits New 12-Month Low – What’s Next?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $65.77 and last traded at $65.95, with a volume of 4953962 shares. The stock had previously closed at $67.48.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QSR. TD Cowen cut 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 note on Wednesday, November 6th. Evercore ISI cut their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Argus dropped their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Oppenheimer reduced their target price on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Restaurant Brands International Stock Performance

The business has a fifty day moving average price of $69.73 and a 200-day moving average price of $70.00. The stock has a market capitalization of $21.35 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is presently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in 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 buying an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $61,000. Crewe Advisors LLC grew its position in shares of Restaurant Brands International by 78.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 472 shares during the period. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Restaurant Brands International by 67.0% in 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 during the period. Hedge funds and other institutional investors 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.