Newegg commerce: Galkin family buys $5.8M in NEGG stock
Sami A. Siddiqui, the Chief Financial Officer of Restaurant Brands International Inc. (NYSE:QSR), a $30.11 billion quick-service restaurant company that maintains a GOOD financial health rating according to InvestingPro, recently sold a significant portion of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Siddiqui sold a total of 12,500 common shares over two days. On March 10, 2025, he sold 2,571 shares at an average price of $70.15 per share. The following day, March 11, he sold an additional 9,929 shares at $68 per share. These transactions amounted to a total sale value of approximately $855,527. The stock, which typically trades with low volatility, currently trades at a P/E ratio of 20.84 and appears undervalued based on InvestingPro’s Fair Value analysis.
Following these sales, Siddiqui retains direct ownership of 81,943.283 shares. Additionally, he holds indirect ownership of 178,589 shares through a trust. The company has maintained dividend payments for 11 consecutive years, with a current dividend yield of 3.65%. Discover more insights about QSR’s valuation and financial metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Restaurant Brands International has acquired Burger King China for approximately $158 million in an all-cash deal, gaining near-total ownership of the business. The company plans to seek a new local partner to become the controlling shareholder, aiming to inject primary capital into the business. In terms of financial performance, Restaurant Brands International reported a 2.5% increase in global sales for the fourth quarter of fiscal year 2024, surpassing JPMorgan’s estimate of 1.6%. This strong performance led JPMorgan to maintain an Overweight rating with a price target of $80, highlighting the resilience of Tim Hortons Canada and Burger King International.
Meanwhile, BMO Capital reiterated an Outperform rating with a price target of $86, following better-than-expected earnings per share of $0.81, which exceeded the consensus estimate of $0.78. In contrast, TD Cowen downgraded the stock from Buy to Hold, setting a price target of $70, citing potential challenges in the Canadian market and competition in the fast-food industry. Stifel also maintained a Hold rating with a price target of $68, noting modest EBITDA growth since the acquisition of Popeyes in 2017. Analysts from Stifel suggested a potential higher valuation if the company were to consider a demerger, although they assigned a low probability to this scenario. These developments reflect the varied perspectives of financial analysts on Restaurant Brands International’s current and future performance.
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