Restaurant Brands International (NYSE:QSR) Hits New 1-Year Low – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $64.57 and last traded at $64.71, with a volume of 52279 shares. The stock had previously closed at $65.54.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QSR. JPMorgan Chase & Co. upped their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada cut their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. Oppenheimer cut their target price on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Citigroup boosted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Restaurant Brands International Stock Performance

The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business has a 50-day moving average of $69.00 and a 200-day moving average of $69.82. The company has a market capitalization of $20.98 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.58%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Buying and Selling

In other news, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its position in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 160 shares during the last quarter. D.A. Davidson & CO. increased its stake in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the period. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the period. Arvest Investments Inc. lifted its holdings in Restaurant Brands International by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 197 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 265 shares during the period. 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.