Restaurant Brands International (TSE:QSR) Stock Passes Above 50-Day Moving Average – Time to Sell?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$94.73 and traded as high as C$98.44. Restaurant Brands International shares last traded at C$97.78, with a volume of 1,197,808 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QSR. Argus upgraded Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Piper Sandler raised Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective for the company in a research 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 assigned a Hold rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of C$84.00.

Restaurant Brands International Trading Up 1.5%

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 capitalization of C$34.53 billion, a PE ratio of 42.43, a PEG ratio of 2.22 and a beta of 0.37. The business’s 50-day moving average is C$94.95 and its two-hundred day moving average is C$94.16.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$1.32 earnings per share (EPS) for the quarter. Restaurant Brands International had a return on equity of 23.08% and a net margin of 8.23%.The company had revenue of C$3.38 billion for the quarter. On average, analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd will be paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 105.53%.

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).