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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$104.06 and last traded at C$103.67, with a volume of 22310 shares changing hands. The stock had previously closed at C$102.81.

Analysts Set New Price Targets

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

Restaurant Brands International Trading Up 1.3%

The company has a market cap of C$36.13 billion, a price-to-earnings ratio of 44.39, a P/E/G ratio of 2.22 and a beta of 0.37. The business has a fifty day simple moving average of C$96.76 and a 200 day simple moving average of C$95.62. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 478.23.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share for the quarter. The business 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%. On average, equities 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 will be paid on Thursday, April 2nd. Investors 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s payout ratio is presently 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).