Restaurant Brands International (TSE:QSR) Reaches New 52-Week High – Here’s What Happened

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) reached a new 52-week high on Wednesday . The stock traded as high as C$111.63 and last traded at C$105.40, with a volume of 578195 shares changing hands. The stock had previously closed at C$111.25.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 target price for the company in a report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.00.

Restaurant Brands International Stock Up 0.8%

The firm has a market capitalization of C$37.80 billion, a price-to-earnings ratio of 46.32, a P/E/G ratio of 2.22 and a beta of 0.27. The stock has a fifty day moving average of C$103.70 and a two-hundred day moving average of C$98.32. The company has a debt-to-equity ratio of 413.36, a current ratio of 0.99 and a quick ratio of 0.80.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its earnings results on Wednesday, May 6th. The company reported C$1.20 EPS for the quarter. Restaurant Brands International had a return on equity of 27.13% and a net margin of 9.96%.The firm had revenue of C$3.15 billion for the quarter. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, March 19th. Restaurant Brands International’s payout ratio is presently 105.53%.

Insider Buying and Selling

In related news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$100.29, for a total value of C$2,005,800.00. Following the sale, the insider directly owned 162,080 shares in the company, valued at C$16,255,003.20. This represents a 10.98% decrease in their ownership of the stock. 1.24% of the stock is owned by insiders.

About Restaurant Brands International

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations. Formed in 2014 after 3G Capital’s acquisition of Tim Horton’s International, the Restaurant Brands portfolio now includes Burger King (19,250 units), Tim Horton’s (5,300 units), and Popeyes Louisiana Kitchen (3,700 units).