Restaurant Brands International (TSE:QSR) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$105.49 and traded as low as C$99.39. Restaurant Brands International shares last traded at C$99.84, with a volume of 1,334,324 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 target price on the stock in a report on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$84.00.

Restaurant Brands International Stock Up 0.7%

The firm’s 50-day moving average price is C$105.52 and its 200 day moving average price is C$99.78. The firm has a market cap of C$35.46 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.39. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 413.36.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its earnings results on Wednesday, May 6th. The company reported C$1.20 earnings per share (EPS) for the quarter. The firm had revenue of C$3.15 billion during the quarter. Restaurant Brands International had a net margin of 9.96% and a return on equity of 27.13%. As a group, research analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, July 7th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.69%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 162,080 shares in the company, valued at C$16,255,003.20. This trade represents 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).