Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) was down 3.8% during trading on Tuesday after Cowen lowered their price target on the stock from C$72.00 to C$69.00. The stock traded as low as C$71.93 and last traded at C$72.59. Approximately 406,089 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 609,330 shares. The stock had previously closed at C$75.48.

Several other brokerages have also recently commented on QSR. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. BMO Capital Markets dropped their price target on shares of Restaurant Brands International from C$72.00 to C$70.00 in a research report on Tuesday. Evercore reiterated an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Restaurant Brands International currently has a consensus rating of “Buy” and a consensus price target of C$80.20.

In related news, insider José E. Cil sold 20,449 shares of Restaurant Brands International stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$65.00, for a total value of C$1,329,185.00.

The stock has a market capitalization of $33,820.00, a P/E ratio of 79.13 and a beta of 1.14.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a $0.554 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.22 dividend on an annualized basis and a yield of 3.04%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.26. Restaurant Brands International’s dividend payout ratio (DPR) is currently 80.43%.

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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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