Restaurant Brands International (TSE:QSR) Sets New 1-Year High - Should You Buy?

Key Points

• Shares hit a new 52‑week high of C$108.23 (last C$107.78), even as analysts' consensus is a Moderate Buy with a C$84 consensus target and Piper Sandler recently upgraded the stock to "overweight."
• Recent quarter showed C$1.32 EPS on C$3.38 billion revenue with a market cap of C$37.41 billion; valuation metrics include a P/E of 45.94 and a PEG of 2.22.
• The company raised its quarterly dividend to C$0.65 (C$2.60 annualized, 2.4% yield) but has a payout ratio above 100%, and insider Jeffrey Housman sold 20,000 shares in March.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR shares hit a new 52-week high on Tuesday . The company traded as high as C$108.23 and last traded at C$107.78, with a volume of 92400 shares. The stock had previously closed at C$106.90.

Analysts Set New Price Targets

Separately, Piper Sandler upgraded shares of Restaurant Brands International from a "hold" rating to an "overweight" rating and set a C$84.00 price objective for the company in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and a consensus target price of C$84.00.

Restaurant Brands International Trading Up 1.0%

The stock has a market capitalization of C$37.41 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.22. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 478.23. The stock's fifty day moving average price is C$99.09 and its two-hundred day moving average price is C$96.70.

Restaurant Brands International (TSE:QSR - Get Free Report) NYSE: QSR last issued its earnings results on Thursday, February 12th. The company reported C$1.32 EPS for the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%. The company had revenue of C$3.38 billion for the quarter. Equities research analysts forecast that Restaurant Brands International Inc. will post 7.3241225 EPS for the current 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 paid a $0.65 dividend. 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 annualized dividend and a dividend yield of 2.4%. Restaurant Brands International's payout ratio is presently 105.53%.

Insider Activity at Restaurant Brands International

In related 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 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 insiders.

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).

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