Restaurant Brands International (NYSE:QSR) Reaches New 52-Week High – Time to Buy?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $81.69 and last traded at $81.6060, with a volume of 1623065 shares. The stock had previously closed at $80.05.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price target on Restaurant Brands International from $76.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Truist Financial upped their price target on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group upped their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, KeyCorp upped their price target on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.04.

Restaurant Brands International Stock Up 2.0%

The company has a market capitalization of $28.37 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm has a 50-day moving average of $74.90 and a two-hundred day moving average of $71.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts predict that Restaurant Brands International Inc. will post 4.05 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 19th. Restaurant Brands International’s payout ratio is currently 110.17%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the transaction, the chief financial officer directly owned 35,766 shares in the company, valued at $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Axel Schwan sold 34,939 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the transaction, the insider owned 194,984 shares in the company, valued at $13,163,369.84. This trade represents a 15.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,490 shares of company stock valued at $32,375,140 over the last ninety days. 1.25% of the stock is owned by insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the first quarter valued at $237,000. WINTON GROUP Ltd acquired a new stake in shares of Restaurant Brands International in the second quarter valued at $265,000. State Street Corp raised its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Sei Investments Co. raised its stake in Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after buying an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina acquired a new stake in Restaurant Brands International in the second quarter valued at $10,019,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.