Restaurant Brands International (TSE:QSR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$94.61 and traded as low as C$92.25. Restaurant Brands International shares last traded at C$92.41, with a volume of 1,088,690 shares trading hands.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Argus raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th. TD Cowen lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Guggenheim upgraded Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th.

Restaurant Brands International Price Performance

The firm has a market capitalization of C$20.98 billion, a P/E ratio of 18.54, a PEG ratio of 2.22 and a beta of 0.95. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65. The business’s 50 day moving average is C$93.02 and its 200-day moving average is C$94.61.

Restaurant Brands International Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, April 4th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. Restaurant Brands International’s payout ratio is 62.98%.

Insider Buying and Selling

In other Restaurant Brands International news, Director Michele Keusch sold 820 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$89.16, for a total value of C$73,111.61. Also, Director Jonathan Domanko sold 1,966 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$91.87, for a total transaction of C$180,616.42. Insiders sold a total of 101,088 shares of company stock worth $9,524,563 in the last ninety days. 1.24% of the stock is owned by insiders.

Restaurant Brands International Company Profile

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.