Restaurant Brands International (TSE:QSR) Share Price Passes Above 50 Day Moving Average of $104.17

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$104.17 and traded as high as C$106.11. Restaurant Brands International shares last traded at C$104.44, with a volume of 718,536 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their target price on Restaurant Brands International from C$81.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th.

Restaurant Brands International Stock Up 3.5 %

The company’s 50 day simple moving average is C$104.17 and its 200-day simple moving average is C$100.98. The firm has a market capitalization of C$32.73 billion, a PE ratio of 20.44, a PEG ratio of 2.22 and a beta of 0.92. The company has a debt-to-equity ratio of 305.98, a quick ratio of 0.80 and a current ratio of 1.01.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.03. The company had revenue of C$2.48 billion during the quarter, compared to analyst estimates of C$2.44 billion. Restaurant Brands International had a return on equity of 38.19% and a net margin of 16.95%. On average, analysts forecast that Restaurant Brands International Inc. will post 6.3812224 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.779 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.98%. Restaurant Brands International’s payout ratio is presently 61.45%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, Senior Officer Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$76.26, for a total value of C$1,110,726.90. In other news, Senior Officer Jill Granat sold 80,332 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$76.20, for a total value of C$6,121,298.40. Also, Senior Officer Matthew Dunnigan sold 14,565 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$76.26, for a total value of C$1,110,726.90. Insiders have sold 154,525 shares of company stock valued at $12,100,550 over the last three months. 1.46% of the stock is owned by corporate 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.