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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Barclays from $83.00 to $80.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on QSR. Jefferies Financial Group lowered their target price 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, January 30th. Morgan Stanley dropped their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. KeyCorp cut their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Oppenheimer decreased their target price 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. Finally, TD Cowen cut their price target on shares of 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, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Trading Down 2.8 %

Shares of NYSE:QSR opened at $64.53 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12-month low of $59.67 and a 12-month high of $83.29. The business has a 50 day moving average of $64.24 and a two-hundred day moving average of $68.04. The company has a market capitalization of $20.94 billion, a PE ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. As a group, analysts forecast that Restaurant Brands International will post 3.3 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.84%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 12,420 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 $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last quarter. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QSR. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $32,000. IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after buying an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in Restaurant Brands International during the 4th quarter worth approximately $60,000. 82.29% of the stock is currently owned by hedge funds and other 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.