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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$96.39 and traded as high as C$103.78. Restaurant Brands International shares last traded at C$102.81, with a volume of 1,568,341 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QSR. Piper Sandler upgraded Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price objective on the stock in a research report on Sunday, March 1st. Argus raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.00.

Restaurant Brands International Stock Performance

The firm’s 50 day moving average price is C$96.39 and its two-hundred day moving average price is C$95.44. The company has a debt-to-equity ratio of 478.23, a quick ratio of 0.80 and a current ratio of 0.98. The firm has a market cap of C$35.61 billion, a PE ratio of 43.75, a PEG ratio of 2.22 and a beta of 0.37.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings results on Thursday, February 12th. The company reported C$1.32 EPS for the quarter. Restaurant Brands International had a net margin of 8.23% and a return on equity of 23.08%. The firm had revenue of C$3.38 billion for the quarter. On average, research analysts forecast that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Increases Dividend

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

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. 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).