Oppenheimer Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by Oppenheimer from $86.00 to $77.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently commented on QSR. Royal Bank of Canada decreased their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI dropped their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Guggenheim boosted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Argus cut their target price on shares of 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Restaurant Brands International Stock Down 1.0 %

Shares of NYSE QSR opened at $62.54 on Tuesday. The stock has a market capitalization of $20.25 billion, a P/E ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a one year low of $62.19 and a one year high of $83.29. The firm’s 50 day simple moving average is $67.71 and its two-hundred day simple moving average is $69.51. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. The trade was a 17.31 % 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 link. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 in the last three months. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in Restaurant Brands International by 1.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 28,401 shares of the restaurant operator’s stock worth $1,999,000 after acquiring an additional 300 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Restaurant Brands International by 40.9% in the second quarter. Acadian Asset Management LLC now owns 15,643 shares of the restaurant operator’s stock worth $1,100,000 after purchasing an additional 4,543 shares in the last quarter. Choreo LLC bought a new stake in shares of Restaurant Brands International during the 2nd quarter valued at $355,000. Andra AP fonden bought a new stake in shares of Restaurant Brands International during the 2nd quarter valued at $1,597,000. Finally, Cibc World Market Inc. lifted its stake in shares of Restaurant Brands International by 17.8% during the 2nd quarter. Cibc World Market Inc. now owns 3,073,530 shares of the restaurant operator’s stock valued at $216,284,000 after buying an additional 464,726 shares in the last quarter. 82.29% of the stock is currently owned by 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.