Stifel Nicolaus Lowers Restaurant Brands International (NYSE:QSR) Price Target to $68.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by Stifel Nicolaus from $72.00 to $68.00 in a report issued on Friday morning, Marketbeat.com reports. They currently have a hold rating on the restaurant operator’s stock.

Several other brokerages also recently issued reports on QSR. Bank of America upped their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Oppenheimer cut their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Argus cut their price objective 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. Finally, Royal Bank of Canada dropped their price target on 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Trading Down 2.6 %

NYSE QSR opened at $60.94 on Friday. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 2.27 and a beta of 0.94. Restaurant Brands International has a 52 week low of $60.87 and a 52 week high of $83.29. The business has a 50 day moving average price of $67.53 and a 200-day moving average price of $69.45. 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 announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling

In related news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 over the last 90 days. Company insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently made changes to their positions in QSR. Geode Capital Management LLC lifted its position in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after buying an additional 126,600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after buying an additional 10,855 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Restaurant Brands International by 112.1% in the third quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock valued at $1,298,000 after purchasing an additional 9,496 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Restaurant Brands International by 36.4% in the second quarter. Public Sector Pension Investment Board now owns 600,000 shares of the restaurant operator’s stock valued at $42,270,000 after purchasing an additional 160,000 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $257,000. 82.29% of the stock is currently owned by hedge funds and other 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.