Restaurant Brands International (NYSE:QSR) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) from a buy rating to a hold rating in a report issued on Monday.

Several other equities research analysts have also issued reports on the company. Stifel Nicolaus raised their price objective on Restaurant Brands International from $60.00 to $65.00 in a research note on Wednesday, February 15th. Truist Financial raised their price target on Restaurant Brands International from $71.00 to $73.00 and gave the stock a buy rating in a research note on Wednesday, February 15th. Stephens reissued an equal weight rating and set a $63.00 price target on shares of Restaurant Brands International in a research note on Monday, February 27th. Barclays decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an overweight rating for the company in a research note on Wednesday, February 15th. Finally, Wells Fargo & Company initiated coverage on Restaurant Brands International in a research note on Monday, January 23rd. They set an equal weight rating and a $70.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of Hold and an average price target of $69.15.

Restaurant Brands International Price Performance

NYSE:QSR opened at $60.54 on Monday. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.27 and a beta of 0.97. Restaurant Brands International has a 1 year low of $46.68 and a 1 year high of $68.89. The business has a 50 day simple moving average of $65.85 and a 200-day simple moving average of $62.49. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.97 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last posted its quarterly earnings data on Tuesday, February 14th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. Restaurant Brands International had a return on equity of 35.36% and a net margin of 15.50%. Equities analysts forecast that Restaurant Brands International will post 2.99 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 22nd will be issued a $0.55 dividend. The ex-dividend date is Tuesday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.63%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 66.26%.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 1,784 shares of Restaurant Brands International stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total value of $116,887.68. Following the transaction, the insider now directly owns 8,271 shares in the company, valued at approximately $541,915.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Sami A. Siddiqui sold 3,955 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $65.04, for a total transaction of $257,233.20. Following the transaction, the insider now directly owns 15,045 shares in the company, valued at approximately $978,526.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 1,784 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total value of $116,887.68. Following the transaction, the insider now owns 8,271 shares in the company, valued at $541,915.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 317,217 shares of company stock worth $20,791,327. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Bank of Montreal Can grew its stake in Restaurant Brands International by 37.6% during the 2nd quarter. Bank of Montreal Can now owns 7,202,415 shares of the restaurant operator’s stock worth $451,065,000 after buying an additional 1,966,508 shares during the last quarter. National Bank of Canada FI grew its stake in Restaurant Brands International by 351.6% during the 4th quarter. National Bank of Canada FI now owns 2,297,288 shares of the restaurant operator’s stock worth $148,465,000 after buying an additional 1,788,595 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Restaurant Brands International during the 3rd quarter worth $76,003,000. Norges Bank acquired a new stake in Restaurant Brands International during the 4th quarter worth about $91,144,000. Finally, Alliancebernstein L.P. lifted its position in Restaurant Brands International by 222.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,957,325 shares of the restaurant operator’s stock worth $126,580,000 after acquiring an additional 1,349,590 shares during the period. 77.87% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Company Profile

(Get Rating)

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.