Stifel Nicolaus Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Stifel Nicolaus from $77.00 to $72.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

QSR has been the subject of a number of other research reports. Wells Fargo & Company dropped their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Evercore ISI dropped their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Oppenheimer dropped their price target 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. Royal Bank of Canada dropped their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Piper Sandler dropped their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $82.37.

Restaurant Brands International Stock Performance

NYSE QSR opened at $67.52 on Thursday. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The business has a 50-day moving average price of $70.13 and a 200-day moving average price of $70.22. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.44%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QSR. D1 Capital Partners L.P. bought a new stake in Restaurant Brands International during the 2nd quarter valued at $200,097,000. National Bank of Canada FI boosted its position in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after acquiring an additional 1,294,185 shares in the last quarter. Holocene Advisors LP bought a new stake in Restaurant Brands International during the 3rd quarter valued at $89,790,000. Canada Pension Plan Investment Board boosted its position in Restaurant Brands International by 72.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after acquiring an additional 1,119,582 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted 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 valued at $105,707,000 after acquiring an additional 1,082,622 shares in the last quarter. 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.