Truist Financial Issues Pessimistic Forecast for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Truist Financial from $85.00 to $83.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the company. CIBC dropped their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley reduced 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 report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Finally, KeyCorp reduced their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Stock Down 2.8 %

Shares of NYSE:QSR opened at $64.53 on Thursday. The firm has a 50 day simple moving average of $64.24 and a 200-day simple moving average of $68.04. Restaurant Brands International has a twelve month low of $59.67 and a twelve month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $20.94 billion, a PE ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. On average, equities analysts predict that Restaurant Brands International will post 3.3 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction that occurred on 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 $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. SG Americas Securities LLC raised its position in shares of Restaurant Brands International by 25.8% in the third quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 631 shares during the last quarter. Magnus Financial Group LLC purchased a new stake in Restaurant Brands International in the 3rd quarter worth approximately $202,000. Blue Trust Inc. lifted its stake in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Restaurant Brands International by 12.0% during the third quarter. Raleigh Capital Management Inc. now owns 5,390 shares of the restaurant operator’s stock worth $389,000 after purchasing an additional 577 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Restaurant Brands International in the third quarter valued at $257,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.