Argus Downgrades Restaurant Brands International (TSE:QSR) to Hold

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

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

Restaurant Brands International Trading Down 2.9 %

QSR opened at C$91.45 on Thursday. The company has a debt-to-equity ratio of 494.65, a quick ratio of 0.80 and a current ratio of 1.02. The stock’s 50 day moving average price is C$92.31 and its 200-day moving average price is C$94.89. Restaurant Brands International has a one year low of C$86.06 and a one year high of C$112.12. The stock has a market cap of C$20.76 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.22 and a beta of 0.95.

Insiders Place Their Bets

In other news, Director Vicente Tome sold 1,990 shares of the stock in a transaction that occurred 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 the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of C$95.62, for a total transaction of C$42,646.52. In the last ninety days, insiders sold 66,735 shares of company stock worth $6,459,478. 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.