Restaurant Brands International (TSE:QSR) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyRestaurant Brands International Inc. (TSE:QSR – Get Free Report) (NYSE:QSR)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$105.53 and traded as high as C$107.66. Restaurant Brands International shares last traded at C$106.86, with a volume of 4,529,775 shares traded.
Wall Street Analyst Weigh In
Separately, Piper Sandler upgraded shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 target price for the company in a research report on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$84.00.
Read Our Latest Stock Report on Restaurant Brands International
Restaurant Brands International Trading Up 1.0%
The firm’s 50-day simple moving average is C$105.53 and its 200-day simple moving average is C$99.92. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 413.36. The firm has a market capitalization of C$37.08 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.39.
Restaurant Brands International (TSE:QSR – Get Free Report) (NYSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.20 earnings per share (EPS) for the quarter. Restaurant Brands International had a net margin of 9.96% and a return on equity of 27.13%. The business had revenue of C$3.15 billion during the quarter. Equities analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.
Restaurant Brands International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is presently 88.69%.
Insider Transactions at Restaurant Brands International
In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of C$100.29, for a total transaction of C$2,005,800.00. Following the completion of the sale, the insider directly 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 currently owned by insiders.
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).