Wells Fargo & Company Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its target price reduced by Wells Fargo & Company from $69.00 to $66.00 in a report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the restaurant operator's stock.

A number of other brokerages have also weighed in on QSR. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Oppenheimer decreased their target price on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. TD Cowen downgraded Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.25.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.22 during mid-day trading on Tuesday, reaching $62.81. 1,546,940 shares of the company's stock traded hands, compared to its average volume of 1,853,549. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business's 50-day moving average price is $64.88 and its 200-day moving average price is $66.14. The stock has a market capitalization of $20.58 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Equities analysts predict that Restaurant Brands International will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.62 per share. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.95%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is currently 77.99%.

Insider Activity

In related news, CFO Sami A. Siddiqui sold 18,477 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the sale, the chief financial officer now owns 55,761 shares of the company's stock, valued at $3,476,698.35. The trade was a 24.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company's stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Capital World Investors raised its stake in shares of Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares during the last quarter. Vanguard Group Inc. boosted its stake in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after buying an additional 2,695,071 shares in the last quarter. Norges Bank bought a new position in shares of Restaurant Brands International in the fourth quarter valued at about $264,813,000. Finally, Meritage Group LP lifted its position in Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying an additional 3,245,689 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

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.