Restaurant Brands International (TSE:QSR) Stock Price Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Restaurant Brands International shares fell below their 200-day moving average of C$102.67, reaching a low of C$100.21 before last trading at C$102.31 on volume of 1.26 million shares.
• Analyst sentiment remains generally positive, with a consensus “Buy” rating; however, the reported average price target is C$84.00, below the latest share price.
• The company declared a quarterly dividend of C$0.65, equivalent to C$2.60 annually and a 2.5% yield; its payout ratio stands at 68.46%.

Shares of Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$102.67 and traded as low as C$100.21. Restaurant Brands International shares last traded at C$102.31, with a volume of 1,264,880 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QSR. Mizuho raised shares of Restaurant Brands International to a "strong-buy" rating in a research report on Tuesday, October 20th. Seaport Research Partners raised shares of Restaurant Brands International to a "strong-buy" rating in a research report on Tuesday, September 15th. Finally, Argus lowered shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Buy" and an average target price of C$84.00.

Restaurant Brands International Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 406.52. The company has a market cap of C$35.53 billion, a PE ratio of 27.58, a P/E/G ratio of 2.22 and a beta of 0.34. The firm has a 50 day moving average of C$104.82 and a two-hundred day moving average of C$102.67.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 18th. Restaurant Brands International's payout ratio is currently 68.46%.

Insiders Place Their Bets

In related news, Director Vicente Tome sold 2,258 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$112.93, for a total value of C$254,995.94. Following the transaction, the director directly owned 13,264 shares of the company's stock, valued at approximately C$1,497,903.52. This represents a 14.55% decrease in their position. 1.24% of the stock is currently owned by insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc is one of the world's largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

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