Restaurant Brands International (NYSE:QSR) Sets New 1-Year High - What's Next?

Key Points

• Restaurant Brands International hit a new 52-week high of $74.65, and analysts maintain a consensus Moderate Buy with an average price target of $78.95 (14 Buy / 8 Hold / 1 Sell).
• The company beat quarterly estimates with $0.96 EPS vs. $0.93 expected and $2.47B in revenue (up 7.4% YoY), reporting a 32.51% ROE and an 8.23% net margin.
• RBI raised its quarterly dividend to $0.65 ($2.60 annual, a 3.5% yield), but the dividend payout ratio is high at 105.08%, and insiders have sold roughly 105,191 shares (~$7.1M) in the past 90 days.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR reached a new 52-week high during trading on Monday . The stock traded as high as $74.65 and last traded at $74.4390, with a volume of 927720 shares trading hands. The stock had previously closed at $72.65.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Wells Fargo & Company raised their target price on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, February 27th. Scotiabank lowered their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, February 13th. Oppenheimer reaffirmed an "outperform" rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Finally, Truist Financial upped their target price on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.95.

Restaurant Brands International Stock Up 2.7%

The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The firm's fifty day moving average price is $69.29 and its 200-day moving average price is $68.14. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share 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. Investors of record on Thursday, March 19th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's dividend payout ratio (DPR) is currently 105.08%.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Schwan sold 34,939 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $2,358,731.89. Following the sale, the insider directly owned 194,984 shares of the company's stock, valued at approximately $13,163,369.84. The trade was a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,828 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 transaction of $866,018.28. Following the completion of the transaction, the chief financial officer directly owned 31,923 shares of the company's stock, valued at approximately $2,155,121.73. The trade was a 28.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 105,191 shares of company stock valued at $7,100,556. 1.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Intact Investment Management Inc. lifted its position in shares of Restaurant Brands International by 10.6% in the third quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator's stock worth $48,722,000 after purchasing an additional 72,800 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Restaurant Brands International by 23,154.1% in the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator's stock valued at $2,535,000 after purchasing an additional 39,362 shares in the last quarter. Machina Capital S.A.S. bought a new position in Restaurant Brands International in the third quarter valued at $1,214,000. Fiera Capital Corp increased its stake in Restaurant Brands International by 17.2% in the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator's stock valued at $317,191,000 after buying an additional 724,540 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Restaurant Brands International by 51.4% during the 3rd quarter. New York State Common Retirement Fund now owns 196,100 shares of the restaurant operator's stock worth $12,578,000 after buying an additional 66,600 shares in the last quarter. 82.29% of the stock is 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.

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