Restaurant Brands International (NYSE:QSR) Hits New 52-Week Low – Here’s What Happened

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price reached a new 52-week low on Monday . The company 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on QSR shares. KeyCorp cut their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Guggenheim upped their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada cut their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Argus decreased their price objective on shares of 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, CIBC cut their target price on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Restaurant Brands International Stock Up 0.4 %

The company’s 50 day simple moving average is $68.70 and its 200-day simple moving average is $69.77. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a market cap of $21.11 billion, a P/E ratio of 16.34, a PEG ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.56%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % 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 insiders.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its position in 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 valued at $311,000 after purchasing an additional 160 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after acquiring an additional 179 shares during the period. Farther Finance Advisors LLC boosted 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 acquiring an additional 185 shares during the period. Arvest Investments Inc. raised its stake 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 purchasing an additional 197 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in 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 valued at $126,000 after purchasing an additional 265 shares during the period. 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.