Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR's stock price hit a new 52-week low during trading on Monday . The stock traded as low as $64.46 and last traded at $64.52, with a volume of 516103 shares changing hands. The stock had previously closed at $64.94.
Wall Street Analyst Weigh In
Several analysts recently issued reports on QSR shares. Stifel Nicolaus reduced their price target on shares of 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. Evercore ISI cut their target price on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer dropped their price objective 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, Argus reduced their price objective on Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $82.27.
Get Our Latest Report on Restaurant Brands International
Restaurant Brands International Stock Performance
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 firm has a market capitalization of $20.66 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company's 50 day moving average is $68.29 and its 200-day moving average is $69.69.
Restaurant Brands International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.
Insiders Place Their Bets
In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the firm's stock in a transaction on Friday, December 6th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company's stock.
Hedge Funds Weigh In On Restaurant Brands International
Several large investors have recently added to or reduced their stakes in QSR. Commonwealth Equity Services LLC lifted its holdings in shares of Restaurant Brands International by 1.1% in the second quarter. Commonwealth Equity Services LLC now owns 28,401 shares of the restaurant operator's stock valued at $1,999,000 after purchasing an additional 300 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Restaurant Brands International by 40.9% during the 2nd quarter. Acadian Asset Management LLC now owns 15,643 shares of the restaurant operator's stock worth $1,100,000 after acquiring an additional 4,543 shares during the last quarter. Varma Mutual Pension Insurance Co grew its stake in shares of Restaurant Brands International by 25.3% in the 2nd quarter. Varma Mutual Pension Insurance Co now owns 187,058 shares of the restaurant operator's stock worth $13,178,000 after acquiring an additional 37,758 shares in the last quarter. Choreo LLC purchased a new stake in shares of Restaurant Brands International in the second quarter valued at about $355,000. Finally, Andra AP fonden purchased a new stake in shares of Restaurant Brands International in the second quarter valued at about $1,597,000. Institutional investors own 82.29% of the company's stock.
About Restaurant Brands International
(
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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.
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