Restaurant Brands International (QSR) Hits New 52-Week High at $49.12
Restaurant Brands International (NYSE:QSR) shares reached a new 52-week high on Thursday . The company traded as high as $49.12 and last traded at $49.07, with a volume of 1,218,844 shares changing hands. The stock had previously closed at $47.68.
A number of brokerages recently issued reports on QSR. Zacks Investment Research downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Saturday. RBC Capital Markets restated an “outperform” rating and issued a $49.00 price target on shares of Restaurant Brands International in a research report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating on shares of Restaurant Brands International in a research report on Friday, August 5th. OTR Global upgraded Restaurant Brands International from a “mixed” rating to a “positive” rating in a research report on Monday, July 18th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $46.00 price target on shares of Restaurant Brands International in a research report on Friday, May 27th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.64.
The stock has a market capitalization of $11.28 billion and a PE ratio of 44.69. The firm’s 50 day moving average is $46.20 and its 200-day moving average is $41.53.
Restaurant Brands International (NYSE:QSR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International will post $1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 6th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, September 1st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.15.
In related news, Director Ali Hedayat bought 5,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $954,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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