Restaurant Brands International (TSE:QSR) Hits New 52-Week High – Still a Buy?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$104.06 and last traded at C$103.67, with a volume of 22310 shares. The stock had previously closed at C$102.81.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on QSR shares. Argus raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Piper Sandler raised Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective for the company in a research note on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from 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 Up 0.4%

The company has a debt-to-equity ratio of 478.23, a quick ratio of 0.80 and a current ratio of 0.98. The firm has a market capitalization of C$35.74 billion, a PE ratio of 43.91, a PEG ratio of 2.22 and a beta of 0.37. The company has a fifty day moving average price of C$96.39 and a 200-day moving average price of C$95.44.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results 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 firm had revenue of C$3.38 billion during the quarter. As a group, analysts expect that Restaurant Brands International Inc. will post 7.3241225 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. Stockholders of record on Thursday, April 2nd will be issued a $0.65 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.5%. Restaurant Brands International’s payout ratio is presently 105.53%.

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).