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

Key Points

• Shares hit a new 52‑week high, trading as high as C$111.63 and last around C$105.40, giving the company a market cap near C$36.5 billion.
• Piper Sandler upgraded the stock to "overweight" but set a price target of C$84, and the average analyst target is C$84 (consensus "Moderate Buy"), well below the recent share price.
• Latest quarter showed C$1.20 EPS on C$3.15 billion revenue, a P/E of 44.7, and a raised quarterly dividend to $0.65 (annualized $2.60, 2.5% yield) — although the dividend payout ratio is 105.5% and debt‑to‑equity is very high at 478.23.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR shares hit a new 52-week high on Wednesday . The stock traded as high as C$111.63 and last traded at C$105.40, with a volume of 578195 shares traded. The stock had previously closed at C$111.25.

Analysts Set New Price Targets

Separately, Piper Sandler raised 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 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 given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$84.00.

Restaurant Brands International Stock Performance

The business has a 50-day moving average of C$103.17 and a two-hundred day moving average of C$98.15. The company has a debt-to-equity ratio of 478.23, a current ratio of 0.98 and a quick ratio of 0.80. The company has a market cap of C$36.50 billion, a P/E ratio of 44.73, a P/E/G ratio of 2.22 and a beta of 0.27.

Restaurant Brands International (TSE:QSR - Get Free Report) NYSE: QSR last announced its earnings results on Wednesday, May 6th. The company reported C$1.20 EPS for the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%. The business had revenue of C$3.15 billion during the quarter. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 7.3241225 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.5%. Restaurant Brands International's dividend payout ratio is currently 105.53%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction on Friday, March 20th. The shares were sold at an average price of C$100.29, for a total value of C$2,005,800.00. Following the transaction, the insider directly owned 162,080 shares of the company's stock, valued at approximately C$16,255,003.20. The trade was a 10.98% decrease in their ownership of the stock. 1.24% of the stock is currently owned by company insiders.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.