Restaurant Brands International (TSE:QSR) Shares Cross Above Fifty Day Moving Average – Here’s Why

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares 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.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price target for the company in a research note on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$84.00.

Restaurant Brands International Price Performance

The company has a debt-to-equity ratio of 413.36, a current ratio of 0.99 and a quick ratio of 0.80. The stock has a market cap of C$36.24 billion, a P/E ratio of 36.87, a P/E/G ratio of 2.22 and a beta of 0.27. The company’s 50 day simple moving average is C$104.84 and its 200 day simple moving average is C$98.78.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its earnings results on Wednesday, May 6th. The company reported C$1.20 EPS for the quarter. Restaurant Brands International had a net margin of 9.96% and a return on equity of 27.13%. The firm had revenue of C$3.15 billion during the quarter. As a group, equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.5%. Restaurant Brands International’s payout ratio is currently 88.69%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of C$100.29, for a total value of C$2,005,800.00. Following the completion of the transaction, the insider owned 162,080 shares in the company, valued at C$16,255,003.20. This represents a 10.98% decrease in their ownership of the stock. 1.24% of the stock is owned by company 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).