Restaurant Brands International (NYSE:QSR) Hits New 12-Month Low – Time to Sell?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $64.57 and last traded at $64.71, with a volume of 52279 shares trading hands. The stock had previously closed at $65.54.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on QSR. Evercore ISI lowered their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup upped their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. CIBC cut their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Bank of America increased their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen decreased their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Restaurant Brands International Price Performance

The stock has a market cap of $20.98 billion, a PE ratio of 16.24, a PEG ratio of 2.27 and a beta of 0.93. The business’s 50-day simple moving average is $69.00 and its 200-day simple moving average is $69.82. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Restaurant Brands International by 79.4% during the third 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 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. increased its position in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position 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 worth $126,000 after buying an additional 265 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

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.