Restaurant Brands International (NYSE:QSR) Reaches New 52-Week Low – Time to Sell?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $64.46 and last traded at $64.52, with a volume of 516103 shares. The stock had previously closed at $64.94.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Oppenheimer decreased their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. KeyCorp lowered their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Bank of America raised their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Restaurant Brands International Trading Down 1.8 %

The stock has a market capitalization of $20.66 billion, a P/E ratio of 15.99, a P/E/G ratio of 2.27 and a beta of 0.94. 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 business has a 50-day moving average price of $68.29 and a two-hundred day moving average price of $69.69.

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 given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.64%. Restaurant Brands International’s dividend payout ratio is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in Restaurant Brands International by 79.4% in the third 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 last quarter. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International in the third quarter valued at approximately $61,000. Blue Trust Inc. grew its stake in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after buying an additional 768 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds 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.