Restaurant Brands International (QSR) Hits New 1-Year High at $49.12
Restaurant Brands International (NYSE:QSR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.12 and last traded at $49.07, with a volume of 1,218,844 shares traded. The stock had previously closed at $47.68.
Several equities research analysts recently issued reports on the stock. Piper Jaffray Cos. restated an “overweight” rating and issued a $52.00 target price on shares of Restaurant Brands International in a report on Monday. Morgan Stanley restated a “hold” rating and issued a $47.00 target price on shares of Restaurant Brands International in a report on Friday, August 5th. TheStreet upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Saturday, August 6th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Restaurant Brands International in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.64.
The stock has a market cap of $11.33 billion and a PE ratio of 44.89. The company’s 50 day moving average is $45.83 and its 200 day moving average is $41.43.
Restaurant Brands International (NYSE:QSR) last released its earnings results on Thursday, August 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Analysts anticipate that Restaurant Brands International will post $1.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.16 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, September 1st.
In related news, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $954,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.
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