Restaurant Brands International (QSR) Shares Down 3.3%
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) shares fell 3.3% during trading on Thursday . The stock traded as low as C$79.22 and last traded at C$80.13. 1,063,214 shares traded hands during trading, an increase of 175% from the average session volume of 386,409 shares. The stock had previously closed at C$82.86.
Several research firms have recently commented on QSR. CSFB upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 7th. Royal Bank Of Canada raised their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$81.25.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be given a dividend of $0.262 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $1.05 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, December 14th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.89%.
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Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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