Restaurant Brands International (NYSE:QSR) Sets New 52-Week Low - Here's What Happened

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR reached a new 52-week low on Tuesday . The stock traded as low as $60.38 and last traded at $60.88, with a volume of 2009580 shares changing hands. The stock had previously closed at $60.88.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup upped their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Royal Bank of Canada lowered their price objective on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a report on Friday. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, CIBC reduced their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.46.

Restaurant Brands International Trading Down 0.1 %

The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a fifty day moving average of $67.20 and a 200 day moving average of $69.32. The firm has a market capitalization of $19.71 billion, a PE ratio of 15.25, a P/E/G ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 5,579 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares of the company's stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares of the company's stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 in the last ninety days. Corporate insiders own 1.36% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd bought a new position in Restaurant Brands International in the 3rd quarter valued at about $61,000. Blue Trust Inc. grew its position in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after buying an additional 768 shares in the last quarter. GAMMA Investing LLC increased its stake in Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after buying an additional 704 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock worth $126,000 after buying an additional 265 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.