Restaurant Brands International (TSE:QSR) Reaches New 12-Month High – Time to Buy?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price hit a new 52-week high during trading 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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Piper Sandler upgraded shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective on the stock in a research note on Sunday, March 1st. One investment 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 stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of C$84.00.

Restaurant Brands International Stock Performance

The company has a market cap of C$35.65 billion, a PE ratio of 43.80, a P/E/G 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 stock’s 50-day simple moving average is C$95.75 and its 200 day simple moving average is C$94.81.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.5%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is 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).