Restaurant Brands International (NYSE:QSR) Price Target Lowered to $65.00 at Citigroup

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price cut by Citigroup from $73.00 to $65.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a negative rating on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on QSR. Bank of America boosted their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group dropped their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday. Royal Bank of Canada reduced their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Restaurant Brands International Stock Down 1.6 %

QSR opened at $61.48 on Thursday. The stock has a market capitalization of $19.95 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a one year low of $59.85 and a one year high of $83.29. The business’s 50-day simple moving average is $65.34 and its 200-day simple moving average is $68.52.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. This represents a 2.66 % 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 in the last 90 days. 1.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently made changes to their positions in QSR. First Horizon Advisors Inc. boosted its stake in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares in the last quarter. Farther Finance Advisors LLC grew 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 worth $30,000 after buying an additional 185 shares in the last quarter. Finally, Arvest Investments Inc. raised its position in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 197 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.