Restaurant Brands International (TSE:QSR) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Restaurant Brands International Inc. (TSE:QSR – Get Free Report) (NYSE:QSR)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$105.86 and traded as low as C$100.20. Restaurant Brands International shares last traded at C$100.28, with a volume of 1,879,623 shares trading hands.

Analysts Set New Price Targets

QSR has been the topic of several analyst reports. Argus cut shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Seaport Research Partners raised shares of Restaurant Brands International to a “strong-buy” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$84.00.

View Our Latest Stock Analysis on QSR

Restaurant Brands International Stock Performance

The firm has a market cap of C$35.20 billion, a PE ratio of 27.32, a P/E/G ratio of 2.22 and a beta of 0.31. The company has a debt-to-equity ratio of 406.52, a current ratio of 1.01 and a quick ratio of 0.80. The stock has a 50-day moving average price of C$105.78 and a 200 day moving average price of C$104.95.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be issued a $0.65 dividend. The ex-dividend date is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 2.6%. Restaurant Brands International’s payout ratio is 68.46%.

Insider Buying and Selling

In other news, Director Vicente Tome sold 2,258 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of C$112.93, for a total transaction of C$254,995.94. Following the completion of the transaction, the director owned 13,264 shares of the company’s stock, valued at C$1,497,903.52. This represents a 14.55% decrease in their position. 1.24% of the stock is owned by company insiders.

Restaurant Brands International Company Profile

(Get Free Report)

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.

Further Reading

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