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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares crossed 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.

Analysts Set New Price Targets

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

Restaurant Brands International Price Performance

The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 413.36. The stock has a market capitalization of C$34.64 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.22 and a beta of 0.39. The company’s 50-day simple moving average is C$105.49 and its 200 day simple moving average is C$99.69.

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

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is currently 88.69%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jeffrey Housman sold 20,000 shares of the 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 sale, the insider owned 162,080 shares in the company, valued at approximately C$16,255,003.20. This trade 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).