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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$96.59 and traded as low as C$93.00. Restaurant Brands International shares last traded at C$93.48, with a volume of 1,525,489 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Northcoast Research downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy”.

Restaurant Brands International Price Performance

The stock has a market cap of C$32.29 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.27. The stock’s fifty day moving average is C$96.59 and its 200-day moving average is C$93.18. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its earnings results on Thursday, October 30th. The company reported C$1.03 EPS for the quarter. Restaurant Brands International had a net margin of 16.02% and a return on equity of 41.85%. The company had revenue of C$3.41 billion for the quarter. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, January 6th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is presently 87.14%.

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).