Restaurant Brands International (NYSE:QSR) Hits New 12-Month High – What’s Next?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $73.89 and last traded at $73.81, with a volume of 2295747 shares changing hands. The stock had previously closed at $73.33.

Analyst Ratings Changes

A number of research firms have recently issued reports on QSR. Guggenheim increased their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. TD Cowen decreased their price target on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $84.00 in a research report on Monday. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a research note on Friday, February 13th. Finally, Barclays decreased their target price on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.95.

Restaurant Brands International Stock Up 0.8%

The firm has a fifty day simple moving average of $68.80 and a 200-day simple moving average of $67.71. The company has a market capitalization of $25.61 billion, a PE ratio of 31.32, a P/E/G ratio of 2.03 and a beta of 0.56. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 3.5%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio (DPR) is 105.08%.

Insider Buying and Selling

In other news, insider Peter Perdue sold 3,882 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $262,073.82. Following the sale, the insider owned 42,906 shares in the company, valued at approximately $2,896,584.06. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 11,525 shares of Restaurant Brands International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $778,052.75. Following the completion of the transaction, the insider owned 476,126 shares of the company’s stock, valued at $32,143,266.26. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 186,401 shares of company stock worth $12,857,069. 1.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in Restaurant Brands International in the first quarter worth $237,000. Atria Investments Inc lifted its position in shares of Restaurant Brands International by 12.1% in the 2nd quarter. Atria Investments Inc now owns 5,250 shares of the restaurant operator’s stock worth $348,000 after buying an additional 565 shares during the last quarter. Amalgamated Bank bought a new position in shares of Restaurant Brands International in the 2nd quarter worth about $1,463,000. Bank of New York Mellon Corp boosted its holdings in shares of Restaurant Brands International by 136.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 841,292 shares of the restaurant operator’s stock valued at $55,769,000 after buying an additional 485,166 shares during the period. Finally, Andra AP fonden bought a new stake in shares of Restaurant Brands International during the 2nd quarter valued at about $80,000. 82.29% of the stock is currently owned by institutional investors.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.