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

Key Points

• 52-week high: Restaurant Brands International (TSE:QSR) hit a new 52-week high, trading as high as C$103.76 and last at C$102.94 on heavy volume.
• Analyst view vs. price: The consensus rating is a "Moderate Buy" with an average target of C$84, even though recent upgrades (Argus to Strong Buy, Piper Sandler to Overweight) leave the consensus target below the current share price.
• Dividend and balance-sheet caution: QSR raised its quarterly dividend to $0.65 (annualized $2.60, 2.5% yield) but has a payout ratio of 105.53% and a very high debt-to-equity ratio of 478.23, alongside a PE of 43.8.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR's stock price hit a new 52-week high on Monday . The stock traded as high as C$103.76 and last traded at C$102.94, with a volume of 3609947 shares trading hands. The stock had previously closed at C$101.23.

Wall Street Analyst Weigh In

QSR has been the subject of several recent analyst reports. Argus raised shares of Restaurant Brands International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 2nd. Piper Sandler upgraded Restaurant Brands International from a "hold" rating to an "overweight" rating and set a C$84.00 price target on the stock in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$84.00.

Restaurant Brands International Price Performance

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's 50 day simple moving average is C$95.75 and its 200 day simple moving average is C$94.81. The company has a market capitalization of C$35.65 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.37.

Restaurant Brands International (TSE:QSR - Get Free Report) NYSE: QSR last issued its quarterly earnings data on Thursday, February 12th. The company reported C$1.32 earnings per share 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$3.38 billion during the quarter. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd will be paid a $0.65 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, March 19th. Restaurant Brands International's payout ratio is currently 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).

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.