Restaurant Brands International (TSE:QSR) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$94.46 and traded as high as C$94.48. Restaurant Brands International shares last traded at C$94.28, with a volume of 1,162,289 shares.

Analyst Ratings Changes

Separately, Argus upgraded 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 and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy”.

Restaurant Brands International Price Performance

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 has a 50-day moving average of C$94.46 and a 200-day moving average of C$93.39. The stock has a market capitalization of C$32.65 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 2.22 and a beta of 0.25.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its earnings results on Thursday, February 12th. The company reported C$1.32 EPS for the quarter. Restaurant Brands International had a return on equity of 41.85% and a net margin of 16.02%.The firm had revenue of C$3.38 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, January 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 105.53%.

Restaurant Brands International Company Profile

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).