Restaurant Brands International (TSE:QSR) Reaches New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Restaurant Brands International Price Performance

The stock’s 50 day simple moving average is C$103.17 and its 200-day simple moving average is C$98.15. The firm has a market cap of C$36.50 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 2.22 and a beta of 0.27. The company has a debt-to-equity ratio of 478.23, a quick ratio of 0.80 and a current ratio of 0.98.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its earnings results on Wednesday, May 6th. The company reported C$1.20 earnings per share (EPS) for the quarter. Restaurant Brands International had a return on equity of 23.08% and a net margin of 8.23%.The firm had revenue of C$3.15 billion for the quarter. Equities research analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio (DPR) is 105.53%.

Insider Buying and Selling

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