Restaurant Brands International (TSE:QSR) Hits New 1-Year High – Still a Buy?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s stock price reached a new 52-week high on Monday . The company traded as high as C$103.76 and last traded at C$102.94, with a volume of 3609947 shares changing hands. The stock had previously closed at C$101.23.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QSR. Piper Sandler upgraded shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price target on the stock in a research report on Sunday, March 1st. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of C$84.00.

Restaurant Brands International Price Performance

The stock has a market capitalization of C$34.85 billion, a P/E ratio of 42.83, a PEG ratio of 2.22 and a beta of 0.37. The company has a debt-to-equity ratio of 478.23, a quick ratio of 0.80 and a current ratio of 0.98. The business has a fifty day simple moving average of C$95.99 and a 200-day simple moving average of C$95.03.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share (EPS) for the quarter. The company had revenue of C$3.38 billion for the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%. Sell-side analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share 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. Stockholders of record on Thursday, April 2nd 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 105.53%.

Restaurant Brands International Company Profile

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).