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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares reached a new 52-week high on Tuesday . The company traded as high as C$103.56 and last traded at C$102.62, with a volume of 3286027 shares traded. The stock had previously closed at C$102.03.

Analysts Set New Price Targets

A number of equities analysts have recently commented on QSR shares. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Piper Sandler upgraded Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective for the company in a report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Restaurant Brands International 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$35.56 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.37. The business has a fifty day simple moving average of C$95.15 and a 200 day simple moving average of C$94.37. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 478.23.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share for the quarter. The company had revenue of C$3.38 billion for the quarter. Restaurant Brands International had a return on equity of 23.08% and a net margin of 8.23%. On average, analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current 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, April 2nd will be paid a dividend of $0.65 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 2.5%. Restaurant Brands International’s dividend payout ratio (DPR) is 105.53%.

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).