Shares of Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) reached a new 52-week high on Monday . The stock traded as high as C$79.77 and last traded at C$79.52, with a volume of 79888 shares changing hands. The stock had previously closed at C$78.75.
Separately, BMO Capital Markets reiterated a “market perform” rating and issued a C$58.00 target price on shares of Restaurant Brands International in a report on Monday, April 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$74.67.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings results on Tuesday, April 24th. The company reported C$0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.71 by C$0.12. Restaurant Brands International had a net margin of 46.86% and a return on equity of 72.64%. The company had revenue of C$1.58 billion during the quarter, compared to analysts’ expectations of C$1.43 billion.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Tuesday, May 15th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Monday, May 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55.
In other Restaurant Brands International news, Director Lisa Giles-Klein sold 53,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of C$59.51, for a total value of C$3,155,517.75.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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