Restaurant Brands International (TSE:QSR) Share Price Passes Above 50-Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$104.57 and traded as high as C$108.92. Restaurant Brands International shares last traded at C$104.72, with a volume of 1,090,907 shares trading hands.

Analyst Ratings Changes

Separately, Piper Sandler upgraded Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 target price on the stock in a research report on Sunday, March 1st. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$84.00.

Restaurant Brands International Stock Down 2.4%

The business has a fifty day simple moving average of C$104.57 and a two-hundred day simple moving average of C$98.67. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 413.36. The company has a market cap of C$36.37 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.27.

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

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 88.69%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately C$16,255,003.20. This trade represents a 10.98% decrease in their position. Insiders own 1.24% of the company’s stock.

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).