Restaurant Brands International (TSE:QSR) Upgraded by Argus to Strong-Buy Rating

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

Several other research firms also recently issued reports on QSR. Guggenheim raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. TD Cowen downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at C$97.31 on Wednesday. The business has a 50 day moving average of C$92.01 and a 200-day moving average of C$94.50. Restaurant Brands International has a 1 year low of C$86.06 and a 1 year high of C$109.99. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80. The company has a market capitalization of C$22.09 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.22 and a beta of 0.95.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Senior Officer Jill Granat sold 11,706 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$89.16, for a total transaction of C$1,043,712.81. Also, Senior Officer Sami Siddiqui sold 9,929 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of C$97.92, for a total value of C$972,247.68. In the last 90 days, insiders sold 78,088 shares of company stock valued at $7,275,545. 1.24% of the stock is currently owned by company 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.