Restaurant Brands International (TSE:QSR) Stock Gets Price Target Reduction from Citigroup

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its price objective trimmed by Citigroup from C$79.00 to C$78.00 in a research note issued to investors on Friday,BayStreet reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on QSR. Mizuho upgraded Restaurant Brands International to a “strong-buy” rating in a research note on Tuesday, October 20th. Seaport Research Partners upgraded shares of Restaurant Brands International to a “strong-buy” rating in a research note on Tuesday, September 15th. Finally, Argus downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$81.00.

Restaurant Brands International Stock Performance

TSE QSR opened at C$101.10 on Friday. The company has a debt-to-equity ratio of 392.31, a quick ratio of 0.80 and a current ratio of 0.96. Restaurant Brands International has a 52-week low of C$89.08 and a 52-week high of C$113.10. The company has a 50-day simple moving average of C$104.64 and a 200 day simple moving average of C$102.70. The company has a market capitalization of C$35.24 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.22 and a beta of 0.34.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were paid a $0.65 dividend. The ex-dividend date was Friday, September 18th. This represents a $2.60 annualized dividend and a dividend yield of 2.6%. Restaurant Brands International’s payout ratio is currently 68.46%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Director Vicente Tome sold 2,258 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$112.93, for a total value of C$254,995.94. Following the completion of the transaction, the director directly owned 13,264 shares in the company, valued at C$1,497,903.52. This represents a 14.55% decrease in their ownership of the stock. Corporate insiders own 1.24% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is one of the world’s largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.