Restaurant Brands International Inc (QSR) Sets New 52-Week High at $85.77

Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$85.77 and last traded at C$85.48, with a volume of 178,996 shares. The stock had previously closed at C$85.00.

A number of equities analysts recently commented on the company. CSFB raised Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. Royal Bank Of Canada lifted their price objective on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Restaurant Brands International presently has an average rating of “Buy” and an average price target of C$81.25.

The firm has a 50 day moving average price of $80.53 and a 200 day moving average price of $78.98. The firm has a market capitalization of $19.86 billion and a price-to-earnings ratio of 58.82.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 0.95%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.10.

In other Restaurant Brands International news, insider José E. Cil sold 96,872 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$63.68, for a total value of C$6,168,808.96. Also, Director Ali Hedayat acquired 2,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of C$77.50 per share, with a total value of C$155,000.00. In the last quarter, insiders sold 193,743 shares of company stock valued at $12,369,293.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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