Restaurant Brands International (TSE:QSR) Announces Earnings Results

Restaurant Brands International (TSE:QSR) (NYSE:QSR) announced its quarterly earnings results on Wednesday. The company reported C$1.20 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$3.15 billion for the quarter. Restaurant Brands International had a return on equity of 23.08% and a net margin of 8.23%.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded down C$6.14 on Wednesday, hitting C$105.11. The stock had a trading volume of 1,867,718 shares, compared to its average volume of 1,212,713. Restaurant Brands International has a twelve month low of C$84.78 and a twelve month high of C$111.63. The business’s 50 day moving average is C$103.43 and its two-hundred day moving average is C$98.22. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 478.23. The stock has a market cap of C$36.50 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 2.22 and a beta of 0.27.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 105.53%.

Wall Street Analyst Weigh In

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

Insider Activity at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$100.29, for a total value of C$2,005,800.00. Following the transaction, the insider owned 162,080 shares of the company’s stock, valued at approximately C$16,255,003.20. This represents a 10.98% decrease in their ownership of the stock. Insiders own 1.24% of the company’s stock.

Restaurant Brands International Company Profile

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).