Restaurant Brands International (TSE:QSR) Releases Quarterly Earnings Results

Restaurant Brands International (TSE:QSR) (NYSE:QSR) released its quarterly earnings data on Wednesday. The company reported C$1.20 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$3.15 billion during the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%.

Restaurant Brands International Price Performance

Shares of TSE:QSR opened at C$104.06 on Thursday. Restaurant Brands International has a one year low of C$84.78 and a one year high of C$111.63. The stock has a market capitalization of C$36.14 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 0.27. The company has a 50-day simple moving average of C$103.43 and a 200-day simple moving average of C$98.22. The company has a debt-to-equity ratio of 478.23, a quick ratio of 0.80 and a current ratio of 0.98.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio is currently 105.53%.

Insider Activity

In related news, insider Jeffrey Housman sold 20,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of C$100.29, for a total value 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.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price target on the stock in a research report on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on 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 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).