Guggenheim Upgrades Restaurant Brands International (TSE:QSR) to “Strong-Buy”

Restaurant Brands International (TSE:QSR) (NYSE:QSR) was upgraded by equities researchers at Guggenheim from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Restaurant Brands International Price Performance

QSR stock opened at C$89.05 on Friday. The business has a 50 day moving average price of C$94.02 and a 200 day moving average price of C$95.54. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 322.48. The stock has a market cap of C$28.82 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.22 and a beta of 0.95. Restaurant Brands International has a fifty-two week low of C$86.06 and a fifty-two week high of C$112.12.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.29 by C($0.02). Restaurant Brands International had a return on equity of 37.74% and a net margin of 16.99%. The company had revenue of C$3.13 billion for the quarter, compared to analysts’ expectations of C$3.15 billion. Equities research analysts anticipate that Restaurant Brands International will post 7.3241225 earnings per share for the current fiscal year.

Insider Activity

In other Restaurant Brands International news, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of Restaurant Brands International stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$96.22, for a total value of C$1,069,957.50. Also, Director Jonathan Domanko sold 446 shares of the company’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 value of C$42,646.52. Insiders have sold 66,735 shares of company stock valued at $6,459,478 in the last ninety days. 1.24% of the stock is currently 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.