Restaurant Brands International (TSE:QSR) Reaches New 1-Year Low – Here’s Why

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares reached a new 52-week low on Wednesday . The company traded as low as C$89.62 and last traded at C$90.35, with a volume of 267271 shares traded. The stock had previously closed at C$90.71.

Restaurant Brands International Stock Down 0.8 %

The firm has a 50 day moving average of C$96.16 and a two-hundred day moving average of C$96.18. The company has a current ratio of 0.78, a quick ratio of 0.80 and a debt-to-equity ratio of 322.48. The stock has a market capitalization of C$29.12 billion, a PE ratio of 16.36, a P/E/G ratio of 2.22 and a beta of 0.95.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.29 by C($0.02). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The business had revenue of C$3.13 billion during the quarter, compared to analysts’ expectations of C$3.15 billion. Equities research analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.785 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $3.14 annualized dividend and a dividend yield of 3.49%. Restaurant Brands International’s dividend payout ratio is currently 57.09%.

Insider Activity at Restaurant Brands International

In other news, Director Jonathan Domanko sold 446 shares of Restaurant Brands International stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$95.62, for a total transaction of C$42,646.52. Also, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$96.22, for a total transaction of C$1,069,957.50. In the last 90 days, insiders have sold 66,735 shares of company stock valued at $6,459,478. 1.24% of the stock is owned by corporate insiders.

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.