Restaurant Brands International (TSE:QSR) Rating Increased to Strong-Buy at Argus

Argus upgraded shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. TD Cowen cut shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Guggenheim upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th.

Restaurant Brands International Price Performance

QSR opened at C$97.31 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65. Restaurant Brands International has a 12 month low of C$86.06 and a 12 month high of C$109.99. The company has a fifty day simple moving average of C$92.01 and a 200 day simple moving average of C$94.50. The stock has a market cap 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.

Restaurant Brands International Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, April 4th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 62.98%.

Insider Buying and Selling

In other news, Senior Officer Iv Curtis Thomas Benjamin sold 23,350 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of C$92.06, for a total transaction of C$2,149,680.39. Also, Director Michele Keusch sold 820 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of C$89.16, for a total transaction of C$73,111.61. In the last ninety days, insiders sold 78,088 shares of company stock valued at $7,275,545. Company insiders own 1.24% of the company’s stock.

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.