Restaurant Brands International (TSE:QSR) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$96.62 and traded as low as C$96.16. Restaurant Brands International shares last traded at C$96.32, with a volume of 877,637 shares.

Analyst Ratings Changes

Several research firms have commented on QSR. 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 Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Restaurant Brands International Trading Up 0.3%

The company has a debt-to-equity ratio of 494.65, a quick ratio of 0.80 and a current ratio of 1.02. The company’s 50-day moving average price is C$96.68 and its 200-day moving average price is C$93.14. The firm has a market capitalization of C$33.39 billion, a PE ratio of 34.52, a PEG ratio of 2.22 and a beta of 0.26.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The company reported C$1.03 earnings per share for the quarter. The company had revenue of C$3.41 billion for the quarter. Restaurant Brands International had a return on equity of 41.85% and a net margin of 16.02%. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, January 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 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).