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Tim Hortons (NYSE:THI)’s share price reached a new 52-week high on Friday , Stock Ratings Network reports. The company traded as high as $61.63 and last traded at $61.50, with a volume of 136,601 shares changing hands. The stock had previously closed at $60.91.

Separately, analysts at BMO Capital Markets upgraded shares of Tim Hortons from a “market perform” rating to an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.88.

The stock has a 50-day moving average of $55.43 and a 200-day moving average of $54.53. The company has a market cap of $8.299 billion and a price-to-earnings ratio of 22.14.

Tim Hortons (NYSE:THI) last released its earnings data on Wednesday, August 6th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $840.50 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Tim Hortons will post $3.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.2935 per share. This represents a $1.17 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, August 14th.

Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.

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