Restaurant Brands International (TSE:QSR) Rating Lowered to Hold at Argus

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was downgraded by analysts at Argus from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, Guggenheim upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.

Restaurant Brands International Stock Down 2.9 %

Restaurant Brands International stock opened at C$91.45 on Thursday. The business has a fifty day moving average price of C$92.31 and a 200-day moving average price of C$94.89. Restaurant Brands International has a 1-year low of C$86.06 and a 1-year high of C$112.12. The stock has a market capitalization of C$20.76 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80.

Insiders Place Their Bets

In related news, Senior Officer Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$99.98, for a total transaction of C$1,061,111.09. Also, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of the company’s stock in a transaction 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 sold 66,735 shares of company stock valued at $6,459,478. 1.24% of the stock is owned by company 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.