Restaurant Brands International (NYSE:QSR) Sets New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen dropped their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Argus dropped their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, CIBC reduced 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 report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.46.

Restaurant Brands International Price Performance

The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.27 and a beta of 0.94. The stock has a 50 day simple moving average of $67.34 and a 200 day simple moving average of $69.39. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

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

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the firm’s 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 transaction, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. 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 valued at $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International during the third quarter valued at approximately $61,000. Blue Trust Inc. lifted its holdings in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. GAMMA Investing LLC boosted its position in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 purchasing an additional 265 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.