Restaurant Brands International (TSE:QSR) Stock Passes Above 50 Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$95.23 and traded as high as C$101.26. Restaurant Brands International shares last traded at C$99.66, with a volume of 1,132,728 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QSR. Northcoast Research lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Argus lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Restaurant Brands International Stock Down 0.6%

The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65. The business has a 50-day moving average price of C$95.23 and a 200-day moving average price of C$93.04. The firm has a market capitalization of C$34.43 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$1.03 EPS for the quarter. The firm 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%. Equities research analysts forecast that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, October 7th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. Restaurant Brands International’s payout ratio is presently 87.14%.

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.