Restaurant Brands International (NYSE:QSR) Price Target Lowered to $72.00 at Stifel Nicolaus

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price target lowered by Stifel Nicolaus from $77.00 to $72.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a hold rating on the restaurant operator's stock.

Other research analysts have also recently issued reports about the company. Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. TD Cowen reduced their price target on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Argus cut their price target on Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.37.

Restaurant Brands International Trading Up 0.8 %

Shares of QSR stock traded up $0.57 on Thursday, reaching $68.48. 1,685,965 shares of the stock were exchanged, compared to its average volume of 1,585,986. The stock has a 50 day moving average price of $70.12 and a 200 day moving average price of $70.34. 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 stock has a market cap of $22.17 billion, a PE ratio of 17.23, a P/E/G ratio of 2.19 and a beta of 0.94. Restaurant Brands International has a one year low of $65.87 and a one year high of $83.29.

Restaurant Brands International Dividend Announcement

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. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.39%. Restaurant Brands International's payout ratio is presently 58.15%.

Insider Buying and Selling

In other news, insider Axel Mr Schwan sold 36,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company's stock, valued at $6,866,420.76. This trade represents a 26.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company 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. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 203 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock worth $9,915,000 after purchasing an additional 7,196 shares during the period. US Bancorp DE lifted its position in Restaurant Brands International by 2.8% during the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator's stock valued at $743,000 after purchasing an additional 256 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in 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 purchasing an additional 154 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Restaurant Brands International in the first quarter worth about $721,000. Hedge funds and other 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.