Restaurant Brands International (TSE:QSR) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Restaurant Brands International shares have crossed above their 50-day moving average, reaching a high of C$94.93 before closing at C$94.42.
• Equities research analysts have mostly rated the stock as a "Hold," with Argus and Northcoast Research both lowering their ratings from "strong-buy."
• The company announced a quarterly dividend of $0.62 per share, yielding 2.6% annually, with a payout ratio of 90.91%.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$89.85 and traded as high as C$94.93. Restaurant Brands International shares last traded at C$94.42, with a volume of 582,765 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Argus lowered shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a 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 investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of "Hold".

Restaurant Brands International Stock Down 0.3%

The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 494.65. The firm has a market cap of C$30.95 billion, a PE ratio of 35.77, a P/E/G ratio of 2.22 and a beta of 0.38. The business's 50-day simple moving average is C$89.85 and its 200 day simple moving average is C$91.63.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, October 7th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 2.6%. Restaurant Brands International's dividend payout ratio (DPR) is 90.91%.

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.

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