Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR)’s share price reached a new 52-week low on Tuesday . The company traded as low as $60.38 and last traded at $60.88, with a volume of 2009580 shares trading hands. The stock had previously closed at $60.88.
Wall Street Analyst Weigh In
A number of research firms recently commented on QSR. Stifel Nicolaus lowered their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday. Bank of America boosted their target price 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. Royal Bank of Canada cut 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. Evercore ISI lowered their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Argus cut their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.46.
View Our Latest Analysis on Restaurant Brands International
Restaurant Brands International Price Performance
Restaurant Brands International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. Restaurant Brands International’s dividend payout ratio is 58.15%.
Insiders Place Their Bets
In other news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 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 $358,171.80. Following the completion of the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 over the last quarter. 1.36% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Restaurant Brands International
Several hedge funds and other institutional investors have recently modified their holdings of QSR. Farther Finance Advisors LLC raised its position 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 purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International during the third quarter valued at approximately $61,000. Blue Trust Inc. lifted its stake in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. GAMMA Investing LLC boosted its holdings in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 265 shares during the period. 82.29% of the stock is owned by 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.
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