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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $75.66 and last traded at $74.8870, with a volume of 2070797 shares trading hands. The stock had previously closed at $73.75.

Analysts Set New Price Targets

Several brokerages have recently weighed in on QSR. Wells Fargo & Company increased their price objective on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. TD Cowen reduced their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Oppenheimer upped their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Finally, Citigroup reduced their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.19.

Restaurant Brands International Stock Performance

The stock has a 50-day moving average of $69.93 and a 200 day moving average of $68.54. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a market cap of $26.05 billion, a PE ratio of 31.80, a P/E/G ratio of 2.10 and a beta of 0.56.

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

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a dividend of $0.65 per share. 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 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is 110.17%.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of Restaurant Brands International stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the transaction, the chief financial officer owned 35,766 shares in the company, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the sale, the insider directly owned 478,845 shares in the company, valued at $35,956,471.05. This represents a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 455,191 shares of company stock valued at $33,299,206. Corporate insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth $25,000. Larson Financial Group LLC boosted its stake in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Restaurant Brands International during the fourth quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $29,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Restaurant Brands International during the 2nd quarter worth $35,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

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.