Restaurant Brands International (TSE:QSR) Hits New 52-Week Low – Here’s What Happened

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$86.46 and last traded at C$86.67, with a volume of 160467 shares traded. The stock had previously closed at C$87.71.

Restaurant Brands International Stock Up 0.5 %

The company has a debt-to-equity ratio of 322.48, a quick ratio of 0.80 and a current ratio of 0.78. The company’s 50-day moving average price is C$95.02 and its 200 day moving average price is C$95.91. The stock has a market capitalization of C$28.19 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.22 and a beta of 0.95.

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

Restaurant Brands International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.785 dividend. The ex-dividend date was Friday, December 20th. This represents a $3.14 annualized dividend and a yield of 3.61%. Restaurant Brands International’s payout ratio is 57.09%.

Insider Buying and Selling at Restaurant Brands International

In related news, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$96.22, for a total transaction of C$1,069,957.50. Also, Director Jonathan Domanko sold 446 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of C$95.62, for a total transaction of C$42,646.52. Insiders sold a total of 66,735 shares of company stock valued at $6,459,478 in the last three months. 1.24% of the stock is currently owned by corporate 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.