Restaurant Brands International (NYSE:QSR) Given New $77.00 Price Target at Oppenheimer

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Oppenheimer from $86.00 to $77.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other research firms also recently issued reports on QSR. CIBC decreased their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada dropped their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Bank of America boosted their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.92.

Restaurant Brands International Stock Performance

QSR opened at $63.18 on Tuesday. The firm has a 50 day moving average of $68.00 and a two-hundred day moving average of $69.61. The firm has a market capitalization of $20.46 billion, a PE ratio of 15.83, 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. Restaurant Brands International has a 12-month low of $63.09 and a 12-month high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.67%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insiders Place Their Bets

In other news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on 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 owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $61,000. Blue Trust Inc. increased its position 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 last quarter. GAMMA Investing LLC raised its holdings in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.