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

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week low on Thursday . The stock traded as low as $65.77 and last traded at $65.95, with a volume of 4953962 shares. The stock had previously closed at $67.48.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on QSR shares. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. TD Cowen cut their target price on shares of 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. Oppenheimer decreased their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada cut 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. Finally, Argus reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Restaurant Brands International Stock Up 1.9 %

The firm has a market cap of $21.61 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a 50-day simple moving average of $69.55 and a 200-day simple moving average of $69.94. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 in the company, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International during the third quarter valued at $61,000. Crewe Advisors LLC raised its holdings in shares of Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 472 shares in the last quarter. Blue Trust Inc. lifted its stake in Restaurant Brands International by 123.9% in 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. Finally, GAMMA Investing LLC lifted its stake 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 acquiring an additional 704 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.