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

Shares of Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) passed 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 Upgrades and Downgrades

Separately, Piper Sandler upgraded Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective on the stock in a 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.00.

Restaurant Brands International Stock Performance

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 firm has a fifty day moving average price of C$104.57 and a 200 day moving average price of C$98.67. The firm 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.20 EPS for the quarter. Restaurant Brands International had a return on equity of 27.13% and a net margin of 9.96%.The business had revenue of C$3.15 billion for the quarter. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 19th. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is presently 88.69%.

Insider Activity at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$100.29, for a total transaction of C$2,005,800.00. Following the transaction, the insider owned 162,080 shares in the company, valued at C$16,255,003.20. The trade was a 10.98% decrease in their position. 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).