Restaurant Brands International (TSE:QSR) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$96.39 and traded as high as C$103.78. Restaurant Brands International shares last traded at C$102.81, with a volume of 1,568,341 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QSR shares. Piper Sandler raised shares of 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. Argus raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average target price of C$84.00.

Restaurant Brands International Stock Up 1.3%

The firm’s 50-day moving average price is C$96.76 and its 200-day moving average price is C$95.62. The company has a debt-to-equity ratio of 478.23, a current ratio of 0.98 and a quick ratio of 0.80. The company has a market cap of C$36.13 billion, a price-to-earnings ratio of 44.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.37.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its earnings results on Thursday, February 12th. The company reported C$1.32 earnings per share for the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%. The business had revenue of C$3.38 billion for the quarter. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 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).