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

Shares of Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$105.53 and traded as high as C$107.66. Restaurant Brands International shares last traded at C$106.86, with a volume of 4,529,775 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price target for the company in a research report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$84.00.

Restaurant Brands International Stock Down 1.0%

The company has a market cap of C$36.04 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.22 and a beta of 0.39. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 420.69. The business has a fifty day moving average price of C$105.42 and a two-hundred day moving average price of C$99.96.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.20 EPS for the quarter. The business 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%. On average, equities analysts predict that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

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

Insider Activity at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the insider directly 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. 1.24% of the stock is currently owned by corporate 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).