Restaurant Brands International (TSE:QSR) Hits New 12-Month Low – Here’s What Happened

Shares of 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 Trading Up 0.1 %

The company has a market capitalization of C$28.18 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company’s fifty day moving average is C$94.43 and its 200-day moving average is C$95.69. The company has a debt-to-equity ratio of 322.48, a current ratio of 0.78 and a quick ratio of 0.80.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued 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). The business had revenue of C$3.13 billion for the quarter, compared to analysts’ expectations of C$3.15 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. On average, analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 EPS for the current fiscal year.

Restaurant Brands International Cuts Dividend

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

Insiders Place Their Bets

In related news, Director Vicente Tome sold 1,990 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$96.66, for a total transaction of C$192,345.44. Also, Director Jonathan Domanko sold 446 shares of Restaurant Brands International stock in a transaction on Friday, December 20th. The shares were sold at an average price of C$95.62, for a total transaction of C$42,646.52. Over the last three months, insiders have sold 66,735 shares of company stock valued at $6,459,478. 1.24% of the stock is currently 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.