Restaurant Brands International (TSE:QSR) Shares Cross Above 50-Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$95.47 and traded as high as C$97.56. Restaurant Brands International shares last traded at C$95.24, with a volume of 944,974 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Restaurant Brands International to a “strong-buy” rating in a research note on Thursday, June 13th.

Restaurant Brands International Price Performance

The stock has a 50 day moving average of C$95.47 and a two-hundred day moving average of C$97.45. The company has a debt-to-equity ratio of 322.48, a quick ratio of 0.80 and a current ratio of 0.78. The firm has a market capitalization of C$30.83 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 0.95.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.18 EPS for the quarter, beating analysts’ consensus estimates of C$1.17 by C$0.01. The company had revenue of C$2.85 billion for the quarter, compared to analyst estimates of C$2.81 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. Sell-side analysts predict that Restaurant Brands International Inc. will post 6.9861919 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were given a dividend of $0.801 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, September 20th. This represents a $3.20 dividend on an annualized basis and a yield of 3.36%. Restaurant Brands International’s payout ratio is currently 58.44%.

Insider Activity

In related news, Senior Officer Axel Schwan sold 36,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$70.47, for a total transaction of C$2,536,988.40. 1.24% of the stock is currently owned by company insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.