Restaurant Brands International (TSE:QSR) Sets New 52-Week High – Still a Buy?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$110.75 and last traded at C$110.54, with a volume of 189048 shares. The stock had previously closed at C$107.98.

Analyst Ratings Changes

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

Restaurant Brands International Stock Performance

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 50 day moving average price of C$101.62 and a two-hundred day moving average price of C$97.62. The company has a market cap of C$38.32 billion, a P/E ratio of 47.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.22.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share (EPS) for the quarter. Restaurant Brands International had a return on equity of 23.08% and a net margin of 8.23%.The company had revenue of C$3.38 billion for the quarter. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.65 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.4%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 105.53%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$100.29, for a total transaction of C$2,005,800.00. Following the transaction, the insider owned 162,080 shares in the company, valued at approximately C$16,255,003.20. This represents a 10.98% decrease in their position. Company insiders own 1.24% of the company’s stock.

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).