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

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$86.06 and last traded at C$86.50, with a volume of 53230 shares trading hands. The stock had previously closed at C$87.01.

Restaurant Brands International Stock Performance

The company has a market cap of C$28.18 billion, a PE ratio of 15.83, a PEG ratio of 2.22 and a beta of 0.95. 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 firm’s 50 day moving average is C$94.43 and its 200-day moving average is C$95.69.

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

Restaurant Brands International Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.785 dividend. The ex-dividend date of this dividend 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 other news, Senior Officer Jill Granat sold 10,613 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$99.98, for a total value of C$1,061,111.09. Also, Director Joseph Patrick Doyle sold 42,052 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$96.16, for a total transaction of C$4,043,728.73. Insiders have sold 66,735 shares of company stock worth $6,459,478 in the last ninety days. 1.24% of the stock is owned by 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.