Restaurant Brands International (TSE:QSR) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Argus downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Northcoast Research lowered shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Restaurant Brands International Stock Performance

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 firm 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 posted its earnings results on Thursday, October 30th. The company reported C$1.03 earnings per share (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$3.41 billion for the quarter. Research analysts expect that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, October 7th were paid a $0.62 dividend. 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 dividend payout ratio (DPR) is presently 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.