Restaurant Brands International (NYSE:QSR) Hits New 1-Year Low – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $64.46 and last traded at $64.52, with a volume of 516103 shares. The stock had previously closed at $64.94.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on QSR shares. KeyCorp lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Argus decreased their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Oppenheimer lowered their target price on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Finally, Guggenheim upped their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $82.27.

Restaurant Brands International Stock Performance

The stock’s 50-day moving average is $68.29 and its 200 day moving average is $69.69. 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 market cap of $20.66 billion, a P/E ratio of 15.99, a PEG ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. D1 Capital Partners L.P. bought a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $200,097,000. National Bank of Canada FI grew its position in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Holocene Advisors LP acquired a new stake in Restaurant Brands International in the 3rd quarter valued at $89,790,000. Point72 Asset Management L.P. lifted its position in Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after buying an additional 1,082,622 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Restaurant Brands International by 31.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after buying an additional 835,000 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.