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

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.